SolarWinds (NYSE:SWI) Given New $18.50 Price Target at Robert W. Baird

SolarWinds (NYSE:SWI) had its price target hoisted by Robert W. Baird from $15.00 to $18.50 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other research firms have also weighed in on SWI. Royal Bank of Canada raised their target price on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Scotiabank increased their price target on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Finally, Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $18.50 in a research note on Friday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.00.

SolarWinds Trading Down 0.0 %

Shares of SWI opened at $18.31 on Monday. SolarWinds has a 1 year low of $10.14 and a 1 year high of $18.55. The company has a 50 day simple moving average of $14.56 and a two-hundred day simple moving average of $13.39. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $3.12 billion, a P/E ratio of 83.21 and a beta of 0.94.

Institutional Trading of SolarWinds

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares during the period. R Squared Ltd bought a new position in shares of SolarWinds during the fourth quarter valued at approximately $38,000. Allworth Financial LP increased its holdings in SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after buying an additional 3,331 shares during the period. Allspring Global Investments Holdings LLC raised its stake in SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after buying an additional 1,001 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in SolarWinds by 75.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after purchasing an additional 2,279 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors.

SolarWinds Company Profile

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.