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

Shares of SolarWinds Co. (NYSE:SWI) have earned an average recommendation of “Hold” from the four brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.50.

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

SolarWinds Price Performance

NYSE:SWI opened at $11.17 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $11.53. The company has a market cap of $1.88 billion, a P/E ratio of -223.30 and a beta of 0.97. SolarWinds has a 52-week low of $8.06 and a 52-week high of $13.43.

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

SolarWinds Dividend Announcement

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

Institutional Investors Weigh In On SolarWinds

A number of institutional investors have recently made changes to their positions in SWI. Allspring Global Investments Holdings LLC boosted its holdings in shares of SolarWinds by 118.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock worth $52,000 after acquiring an additional 2,957 shares during the period. New York State Teachers Retirement System bought a new stake in shares of SolarWinds during the fourth quarter worth approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of SolarWinds by 185.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock worth $84,000 after acquiring an additional 5,793 shares during the period. AXQ Capital LP bought a new stake in shares of SolarWinds during the third quarter worth approximately $103,000. Finally, Quest Partners LLC bought a new stake in shares of SolarWinds in the fourth quarter valued at approximately $129,000. Institutional investors 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.