SolarWinds (NYSE:SWI) Price Target Raised to $15.00

SolarWinds (NYSE:SWI) had its target price upped by Robert W. Baird from $14.00 to $15.00 in a research note issued to investors on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the software maker’s stock.

Separately, Scotiabank began coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price objective for the company. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

SolarWinds Trading Up 0.6 %

SolarWinds stock opened at $13.16 on Friday. SolarWinds has a 12-month low of $9.41 and a 12-month high of $13.45. The stock has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. The firm has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $12.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. SolarWinds had a return on equity of 7.99% and a net margin of 4.93%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. As a group, equities research analysts expect that SolarWinds will post 0.71 EPS for the current fiscal year.

Institutional Trading of SolarWinds

Several institutional investors and hedge funds have recently bought and sold shares of SWI. Allspring Global Investments Holdings LLC increased its position in shares of SolarWinds by 28.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock worth $134,000 after acquiring an additional 2,343 shares in the last quarter. Carlyle Group Inc. purchased a new position in SolarWinds during the 1st quarter worth approximately $1,183,000. ProShare Advisors LLC raised its stake in SolarWinds by 14.4% during the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock valued at $157,000 after purchasing an additional 1,565 shares during the period. Foundry Partners LLC lifted its holdings in shares of SolarWinds by 11.6% in the first quarter. Foundry Partners LLC now owns 484,521 shares of the software maker’s stock valued at $6,115,000 after purchasing an additional 50,537 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of SolarWinds in the first quarter worth $62,000. Institutional investors and hedge funds 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.