SolarWinds Co. (NYSE:SWI) Given Consensus Rating of “Hold” by Analysts

Shares of SolarWinds Co. (NYSE:SWI) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of equities analysts have issued reports on SWI shares. Robert W. Baird lifted their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wedbush started coverage on SolarWinds in a research note on Thursday, December 19th. They set an “outperform” rating and a $20.00 price target for the company.

Insider Transactions at SolarWinds

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. The trade was a 8.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Bliss sold 135,000 shares of SolarWinds stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the sale, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,000 shares of company stock worth $4,703,780 in the last 90 days. Insiders own 1.95% of the company’s stock.

Institutional Investors Weigh In On SolarWinds

A number of hedge funds have recently modified their holdings of SWI. State Street Corp raised its holdings in shares of SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after purchasing an additional 800,467 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of SolarWinds by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock worth $69,603,000 after purchasing an additional 461,061 shares during the period. 272 Capital LP bought a new stake in shares of SolarWinds in the 2nd quarter worth approximately $5,032,000. Principal Financial Group Inc. bought a new stake in shares of SolarWinds in the 3rd quarter worth approximately $3,673,000. Finally, AQR Capital Management LLC raised its holdings in SolarWinds by 48.5% during the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after acquiring an additional 269,578 shares during the period. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

Shares of SWI opened at $14.02 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50-day moving average of $13.92 and a 200-day moving average of $12.96. The company has a market cap of $2.39 billion, a PE ratio of 63.73 and a beta of 0.94. SolarWinds has a one year low of $10.14 and a one year high of $14.94.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. On average, equities research analysts predict that SolarWinds will post 0.74 EPS for the current fiscal year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.