Brokerages Set SolarWinds Co. (NYSE:SWI) PT at $14.00

Shares of SolarWinds Co. (NYSE:SWI) have been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.00.

A number of research firms have weighed in on SWI. Scotiabank began coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective on the stock. Robert W. Baird raised their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday.

SolarWinds Stock Down 0.3 %

SolarWinds stock opened at $13.12 on Friday. The company has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $12.14. SolarWinds has a 1-year low of $10.14 and a 1-year high of $13.45. The company has a market cap of $2.22 billion, a P/E ratio of 59.64 and a beta of 0.96. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that SolarWinds will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of SolarWinds

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in SolarWinds by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock worth $69,603,000 after acquiring an additional 461,061 shares in the last quarter. 272 Capital LP purchased a new stake in SolarWinds in the 2nd quarter valued at $5,032,000. Principal Financial Group Inc. acquired a new stake in shares of SolarWinds during the 3rd quarter worth about $3,673,000. AQR Capital Management LLC grew its position in SolarWinds by 48.5% in the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after acquiring an additional 269,578 shares in the last quarter. Finally, Mcmorgan & Co. LLC purchased a new position in shares of SolarWinds in the 2nd quarter valued at about $2,618,000. 93.96% of the stock is currently owned by institutional investors.

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.