SolarWinds Co. (NYSE:SWI) Receives Average Rating of “Hold” from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several research analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP lifted its position in SolarWinds by 3.6% during the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock valued at $398,000 after purchasing an additional 1,106 shares during the period. Barclays PLC increased its holdings in SolarWinds by 9.7% during the third quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock valued at $197,000 after buying an additional 1,842 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in SolarWinds by 28.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock valued at $134,000 after buying an additional 2,343 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in SolarWinds by 1.3% during the first quarter. Los Angeles Capital Management LLC now owns 208,102 shares of the software maker’s stock valued at $2,626,000 after buying an additional 2,692 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in SolarWinds during the fourth quarter valued at approximately $57,000. Institutional investors own 93.96% of the company’s stock.

SolarWinds Trading Up 1.7 %

NYSE:SWI opened at $11.17 on Wednesday. SolarWinds has a one year low of $8.06 and a one year high of $13.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $11.53. The firm has a market capitalization of $1.88 billion, a P/E ratio of -223.30 and a beta of 0.97.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. As a group, analysts forecast that SolarWinds will post 0.62 EPS for the current fiscal year.

SolarWinds Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, April 2nd.

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.