Robert W. Baird Issues Positive Forecast for SolarWinds (NYSE:SWI) Stock Price

SolarWinds (NYSE:SWI) had its target price hoisted by Robert W. Baird from $15.00 to $18.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s target price suggests a potential upside of 0.87% from the company’s current price.

SWI has been the subject of several other research reports. Royal Bank of Canada raised their target price on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank increased their price objective on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $18.50 in a research note on Friday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.20.

SolarWinds Stock Up 22.0 %

Shares of NYSE:SWI opened at $18.34 on Monday. SolarWinds has a 52 week low of $10.14 and a 52 week 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. The company has a market cap of $3.13 billion, a PE ratio of 83.37 and a beta of 0.94. The firm has a 50 day simple moving average of $14.47 and a 200 day simple moving average of $13.35.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. R Squared Ltd acquired a new position in SolarWinds during the fourth quarter worth $38,000. Allworth Financial LP raised 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 in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after buying an additional 1,001 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after acquiring an additional 2,279 shares in the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

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.