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

Shares of SolarWinds Co. (NYSE:SWI) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.80.

A number of brokerages have recently commented on SWI. Scotiabank initiated coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock. Robert W. Baird dropped their price objective on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd.

Institutional Trading of SolarWinds

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of SolarWinds by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after buying an additional 461,061 shares in the last quarter. 272 Capital LP acquired a new stake in shares of SolarWinds in the second quarter valued at about $5,032,000. Scalar Gauge Management LLC purchased a new stake in shares of SolarWinds during the fourth quarter worth about $4,918,000. AQR Capital Management LLC raised its position in shares of SolarWinds by 48.5% during the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock worth $9,869,000 after purchasing an additional 269,578 shares during the last quarter. Finally, Mcmorgan & Co. LLC purchased a new position in SolarWinds in the 2nd quarter valued at about $2,618,000. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Trading Down 2.5 %

Shares of NYSE:SWI opened at $12.87 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. SolarWinds has a 52-week low of $8.83 and a 52-week high of $13.43. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 183.79 and a beta of 0.97. The business has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.00.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The business had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $188.67 million. During the same period in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that SolarWinds will post 0.71 EPS for the current 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.