Separately, Morgan Stanley dropped their target price on SolarWinds from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $12.75.
SolarWinds Stock Performance
Shares of SWI opened at $9.64 on Wednesday. The company has a market cap of $1.55 billion, a PE ratio of -2.35 and a beta of 0.88. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $10.97 and a 200-day moving average price of $12.04. SolarWinds has a 12-month low of $9.28 and a 12-month high of $20.55.
Hedge Funds Weigh In On SolarWinds
Several hedge funds have recently made changes to their positions in SWI. McCarthy Asset Management Inc. purchased a new position in shares of SolarWinds during the first quarter valued at approximately $27,000. Point72 Hong Kong Ltd purchased a new stake in SolarWinds in the fourth quarter worth $50,000. Allspring Global Investments Holdings LLC purchased a new stake in SolarWinds in the fourth quarter worth $57,000. Covestor Ltd purchased a new stake in SolarWinds in the fourth quarter worth $59,000. Finally, US Bancorp DE grew its stake in SolarWinds by 3,591.5% in the first quarter. US Bancorp DE now owns 4,762 shares of the software maker’s stock worth $64,000 after purchasing an additional 4,633 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.
- Get a free copy of the StockNews.com research report on SolarWinds (SWI)
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