Wedbush Downgrades SolarWinds (NYSE:SWI) to Neutral

SolarWinds (NYSE:SWI) was downgraded by equities researchers at Wedbush from an “outperform” rating to a “neutral” rating in a report released on Friday,Finviz reports.

Several other equities analysts also recently commented on SWI. Robert W. Baird upped their target price on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Scotiabank raised their target price on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price target on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.80.

SolarWinds Trading Up 23.1 %

NYSE:SWI traded up $3.48 on Friday, reaching $18.51. The company’s stock had a trading volume of 3,732,324 shares, compared to its average volume of 492,680. The firm has a market cap of $3.16 billion, a PE ratio of 84.12 and a beta of 0.94. The business’s 50-day moving average price is $14.37 and its two-hundred day moving average price is $13.28. SolarWinds has a 1-year low of $10.14 and a 1-year high of $18.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SWI. Proficio Capital Partners LLC bought a new stake in shares of SolarWinds in the 4th quarter worth about $160,000. Atria Investments Inc lifted its position in shares of SolarWinds by 16.4% in the 4th 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 during the period. Victory Capital Management Inc. lifted its position in SolarWinds by 2.7% during the fourth quarter. Victory Capital Management Inc. now owns 108,747 shares of the software maker’s stock valued at $1,550,000 after acquiring an additional 2,816 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in SolarWinds by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker’s stock valued at $6,715,000 after purchasing an additional 16,742 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in SolarWinds by 75.5% during the 4th 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. Hedge funds and other institutional investors own 93.96% of the company’s stock.

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.