SolarWinds (NYSE:SWI) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of SolarWinds (NYSE:SWI) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “SolarWinds Corporation designs and develops information technology management software. The Company offers solutions consisting of network performance monitoring, configuration, virtualization, database management, hosted logs, security and configuration. SolarWinds Corporation is based in TX, United States. “

Several other equities analysts have also recently issued reports on SWI. ValuEngine cut shares of SolarWinds from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Goldman Sachs Group lowered shares of SolarWinds from a neutral rating to a sell rating and dropped their price objective for the stock from $20.00 to $17.50 in a research note on Sunday, June 30th. Finally, Bank of America lowered shares of SolarWinds from a neutral rating to an underperform rating in a research note on Monday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. SolarWinds currently has a consensus rating of Hold and a consensus target price of $19.43.

Shares of NYSE SWI traded up $0.27 during midday trading on Wednesday, hitting $18.57. 306,070 shares of the company traded hands, compared to its average volume of 635,691. SolarWinds has a 12-month low of $12.25 and a 12-month high of $21.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50-day moving average price of $17.92 and a 200 day moving average price of $18.39. The firm has a market cap of $5.78 billion and a P/E ratio of 32.58.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). SolarWinds had a net margin of 67.62% and a return on equity of 8.56%. The company had revenue of $230.60 million for the quarter, compared to analysts’ expectations of $226.51 million. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that SolarWinds will post 0.74 earnings per share for the current year.

A number of large investors have recently bought and sold shares of SWI. Bank of Montreal Can bought a new stake in SolarWinds during the first quarter worth about $35,000. Rhumbline Advisers lifted its stake in shares of SolarWinds by 15.8% in the first quarter. Rhumbline Advisers now owns 24,405 shares of the software maker’s stock worth $476,000 after buying an additional 3,325 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of SolarWinds by 0.4% in the first quarter. First Trust Advisors LP now owns 259,763 shares of the software maker’s stock worth $5,071,000 after buying an additional 954 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of SolarWinds in the first quarter worth approximately $389,000. Finally, Principal Financial Group Inc. lifted its stake in shares of SolarWinds by 4.1% in the first quarter. Principal Financial Group Inc. now owns 1,231,123 shares of the software maker’s stock worth $24,032,000 after buying an additional 48,960 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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