SolarWinds (NYSE:SWI) Shares Pass Above 200 Day Moving Average – What’s Next?

SolarWinds Co. (NYSE:SWI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.32 and traded as high as $18.35. SolarWinds shares last traded at $18.29, with a volume of 2,078,808 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial reaffirmed a “hold” rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Robert W. Baird raised their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price objective on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $18.50 in a report on Friday, February 7th. Finally, Scotiabank lifted their price target on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds currently has a consensus rating of “Hold” and a consensus target price of $18.00.

SolarWinds Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. The firm’s 50 day moving average price is $16.28 and its 200 day moving average price is $14.32. The stock has a market capitalization of $3.14 billion, a P/E ratio of 29.02 and a beta of 0.93.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarWinds

A number of hedge funds and other institutional investors have recently made changes to their positions in SWI. Sterling Capital Management LLC boosted its holdings in SolarWinds by 808.3% in the fourth 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 purchased a new stake in shares of SolarWinds in the 4th quarter worth about $38,000. 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 valued at $76,000 after purchasing an additional 2,279 shares in the last quarter. State of Wyoming increased its position in shares of SolarWinds by 208.0% during the fourth quarter. State of Wyoming now owns 6,258 shares of the software maker’s stock valued at $89,000 after buying an additional 4,226 shares during the period. Finally, West Tower Group LLC increased its position in shares of SolarWinds by 38.3% during the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after buying an additional 2,000 shares during the period. Institutional investors 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.