SolarWinds (NYSE:SWI) Sees Large Volume Increase – Still a Buy?

Shares of SolarWinds Co. (NYSE:SWI) saw strong trading volume on Thursday . 1,006,982 shares traded hands during trading, an increase of 33% from the previous session’s volume of 754,398 shares.The stock last traded at $18.42 and had previously closed at $18.43.

Wall Street Analysts Forecast Growth

SWI has been the topic of a number of research analyst reports. 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 research report on Tuesday, January 21st. Scotiabank raised their price target on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Robert W. Baird boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Truist Financial reaffirmed a “hold” rating and set a $18.50 target price (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Finally, Wedbush downgraded SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

SolarWinds Trading Up 0.0 %

The business has a 50 day moving average of $17.58 and a two-hundred day moving average of $14.94. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWI. Wellington Management Group LLP raised its holdings in SolarWinds by 93.3% during the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock valued at $30,987,000 after acquiring an additional 1,049,310 shares during the period. Fisher Asset Management LLC purchased a new position in shares of SolarWinds in the fourth quarter valued at $13,886,000. State Street Corp boosted its stake in SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after purchasing an additional 800,467 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in SolarWinds by 167.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 912,946 shares of the software maker’s stock valued at $13,009,000 after purchasing an additional 571,539 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in SolarWinds in the fourth quarter valued at $7,446,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

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.