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

Shares of SolarWinds Co. (NYSE:SWI) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.00.

SWI has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Scotiabank started coverage on shares of SolarWinds in a report on Friday. They issued a “sector perform” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in SolarWinds in the second quarter valued at about $41,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of SolarWinds in the 2nd quarter worth approximately $58,000. Ameritas Investment Partners Inc. purchased a new position in shares of SolarWinds in the first quarter worth approximately $62,000. Innealta Capital LLC bought a new stake in SolarWinds during the second quarter valued at approximately $79,000. Finally, CWM LLC increased its holdings in SolarWinds by 282.6% during the second quarter. CWM LLC now owns 8,980 shares of the software maker’s stock valued at $108,000 after buying an additional 6,633 shares during the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Trading Up 0.9 %

NYSE:SWI opened at $12.36 on Friday. SolarWinds has a one year low of $8.83 and a one year high of $13.43. The company’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $11.91. The firm has a market capitalization of $2.09 billion, a P/E ratio of 176.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The company had revenue of $193.30 million during the quarter, compared to analyst estimates of $188.67 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that SolarWinds will post 0.71 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.