SolarWinds (NYSE:SWI) PT Raised to $15.00 at Robert W. Baird

SolarWinds (NYSE:SWI) had its target price raised by analysts at Robert W. Baird from $14.00 to $15.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s target price would indicate a potential upside of 28.10% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Truist Financial began coverage on SolarWinds in a report on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target for the company. JPMorgan Chase & Co. began coverage on SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.80.

SolarWinds Price Performance

NYSE SWI opened at $11.71 on Monday. The stock’s fifty day moving average price is $11.72 and its 200 day moving average price is $11.65. SolarWinds has a 1 year low of $8.50 and a 1 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 has a market cap of $1.97 billion, a price-to-earnings ratio of 167.29 and a beta of 0.97.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. As a group, equities research analysts forecast that SolarWinds will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWI. Voss Capital LLC grew its position in shares of SolarWinds by 145.6% during the fourth quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after acquiring an additional 1,701,736 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in SolarWinds by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock worth $59,589,000 after purchasing an additional 508,280 shares during the period. Foundry Partners LLC purchased a new position in SolarWinds during the 4th quarter worth $5,420,000. Scalar Gauge Management LLC acquired a new position in SolarWinds in the fourth quarter valued at $4,918,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of SolarWinds in the fourth quarter valued at about $2,498,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

About SolarWinds

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.