SolarWinds (NYSE:SWI) Given “Hold” Rating at Truist Financial

Truist Financial restated their hold rating on shares of SolarWinds (NYSE:SWI) in a research report sent to investors on Monday,Benzinga reports. The firm currently has a $18.50 price target on the software maker’s stock, up from their previous price target of $13.00.

Several other research firms have also commented on SWI. Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $18.50 in a research report on Friday. Robert W. Baird increased their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday. Scotiabank lifted their price target on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price objective on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Trading Down 0.0 %

SWI opened at $18.31 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 83.21 and a beta of 0.94. SolarWinds has a 12 month low of $10.14 and a 12 month high of $18.55. The stock has a fifty day moving average price of $14.56 and a 200-day moving average price of $13.39.

Hedge Funds Weigh In On SolarWinds

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its stake in SolarWinds by 11.7% during the 4th quarter. Brandes Investment Partners LP now owns 485,329 shares of the software maker’s stock valued at $6,916,000 after acquiring an additional 50,744 shares during the period. Great Lakes Advisors LLC purchased a new position in SolarWinds during the fourth quarter valued at approximately $5,147,000. Proficio Capital Partners LLC purchased a new position in shares of SolarWinds in the 4th quarter valued at about $160,000. Atria Investments Inc increased its stake in shares of SolarWinds by 16.4% during the fourth quarter. Atria Investments Inc now owns 27,193 shares of the software maker’s stock worth $388,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in SolarWinds by 2.7% during the 4th quarter. Victory Capital Management Inc. now owns 108,747 shares of the software maker’s stock worth $1,550,000 after purchasing an additional 2,816 shares during the last quarter. Hedge funds and other 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.