Analysts Set SolarWinds Co. (NYSE:SWI) Price Target at $15.00

Shares of SolarWinds Co. (NYSE:SWI) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

Several brokerages have recently issued reports on SWI. Wedbush began coverage on shares of SolarWinds in a report on Thursday, December 19th. They issued an “outperform” rating and a $20.00 price target for the company. Robert W. Baird upped their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st.

SolarWinds Price Performance

SWI opened at $14.08 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds has a 12-month low of $10.14 and a 12-month high of $14.94. The stock has a fifty day moving average of $13.94 and a 200-day moving average of $13.00. The firm has a market capitalization of $2.40 billion, a P/E ratio of 63.99 and a beta of 0.94.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The business had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that SolarWinds will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other SolarWinds news, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the completion of the sale, the director now directly owns 88,857 shares of the company’s stock, valued at approximately $1,166,692.41. This represents a 15.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Bliss sold 135,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the transaction, the insider now owns 838,789 shares in the company, valued at approximately $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,000 shares of company stock worth $4,703,780 in the last quarter. Corporate insiders own 1.95% of the company’s stock.

Institutional Trading of SolarWinds

Several institutional investors and hedge funds have recently bought and sold shares of SWI. Barclays PLC grew its stake in SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after buying an additional 59,532 shares during the last quarter. Brandes Investment Partners LP grew its holdings in SolarWinds by 12.3% during the second quarter. Brandes Investment Partners LP now owns 371,636 shares of the software maker’s stock worth $4,424,000 after acquiring an additional 40,643 shares during the period. State Street Corp raised its holdings in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after acquiring an additional 800,467 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in SolarWinds during the third quarter valued at about $3,673,000. Finally, 272 Capital LP purchased a new position in shares of SolarWinds during the 2nd quarter valued at approximately $5,032,000. 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.