SolarWinds Co. (NYSE:SWI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.80.

A number of equities analysts recently commented on SWI shares. Truist Financial started coverage on SolarWinds in a report on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price objective on the stock. Robert W. Baird increased their price objective on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 6th.

Institutional Investors Weigh In On SolarWinds

A number of large investors have recently added to or reduced their stakes in SWI. Barclays PLC boosted its position in SolarWinds by 9.7% during the third quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock worth $197,000 after purchasing an additional 1,842 shares during the period. Brandes Investment Partners LP boosted its position in shares of SolarWinds by 19.4% in the third quarter. Brandes Investment Partners LP now owns 224,656 shares of the software maker’s stock valued at $2,121,000 after acquiring an additional 36,504 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of SolarWinds in the third quarter valued at approximately $203,000. Rock Creek Group LP bought a new stake in shares of SolarWinds in the third quarter valued at approximately $411,000. Finally, Teza Capital Management LLC bought a new stake in shares of SolarWinds in the third quarter valued at approximately $222,000. Institutional investors own 93.96% of the company’s stock.

SolarWinds Price Performance

Shares of SWI opened at $11.80 on Thursday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 168.50 and a beta of 0.96. SolarWinds has a fifty-two week low of $8.83 and a fifty-two week high of $13.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. The business’s 50-day moving average is $11.52 and its 200-day moving average is $11.89.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. SolarWinds had a return on equity of 6.47% and a net margin of 1.58%. The firm had revenue of $193.31 million for the quarter, compared to the consensus estimate of $189.74 million. Equities research analysts expect that SolarWinds will post 0.69 EPS for the current fiscal year.

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.