SolarWinds Co. (NYSE:SWI) Short Interest Down 19.0% in February

SolarWinds Co. (NYSE:SWI) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,410,000 shares, a drop of 19.0% from the January 31st total of 1,740,000 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 850,000 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

SWI has been the subject of several research analyst reports. 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 report on Friday, February 7th. Scotiabank boosted their target price on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Truist Financial reiterated a “hold” rating and set a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Finally, Robert W. Baird increased their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds presently has an average rating of “Hold” and an average target price of $18.00.

Institutional Trading of SolarWinds

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings in shares of SolarWinds by 808.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker’s stock valued at $25,000 after acquiring an additional 1,552 shares in the last quarter. R Squared Ltd bought a new position in shares of SolarWinds in the 4th quarter valued at about $38,000. Allspring Global Investments Holdings LLC grew its holdings in shares of SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,001 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after acquiring an additional 2,279 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of SolarWinds by 208.0% during the 4th quarter. State of Wyoming now owns 6,258 shares of the software maker’s stock worth $89,000 after purchasing an additional 4,226 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Up 0.1 %

Shares of SWI traded up $0.02 during midday trading on Tuesday, hitting $18.36. The stock had a trading volume of 713,159 shares, compared to its average volume of 639,719. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 29.15 and a beta of 0.94. The company has a 50 day simple moving average of $15.73 and a two-hundred day simple moving average of $14.05. SolarWinds has a twelve month low of $10.14 and a twelve month high of $18.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. On average, analysts anticipate that SolarWinds will post 0.75 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.