Brokerages Set SolarWinds Co. (NYSE:SWI) PT at $13.80

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.80.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Robert W. Baird raised their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. began coverage on SolarWinds in a research report on Thursday, February 1st. They issued a “neutral” rating and a $14.00 target price on the stock. Finally, Truist Financial started coverage on SolarWinds in a report on Wednesday, March 6th. They set a “hold” rating and a $13.00 price target for the company.

Institutional Trading of SolarWinds

Institutional investors have recently modified their holdings of the stock. Voss Capital LLC boosted its position in shares of SolarWinds by 145.6% during the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after acquiring an additional 1,701,736 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SolarWinds by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock valued at $59,589,000 after purchasing an additional 508,280 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of SolarWinds during the 4th quarter worth $5,420,000. Scalar Gauge Management LLC acquired a new position in shares of SolarWinds during the 4th quarter worth $4,918,000. Finally, ABS Direct Equity Fund LLC acquired a new stake in SolarWinds in the fourth quarter valued at about $2,498,000. 93.96% of the stock is currently owned by institutional investors.

SolarWinds Stock Performance

SWI opened at $11.95 on Friday. The business’s 50-day simple moving average is $11.68 and its 200 day simple moving average is $11.85. SolarWinds has a 52-week low of $8.83 and a 52-week high of $13.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $2.01 billion, a PE ratio of 170.71 and a beta of 0.97.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. SolarWinds had a return on equity of 6.47% and a net margin of 1.58%. The company had revenue of $193.31 million for the quarter, compared to analysts’ expectations of $189.74 million. As a group, sell-side analysts expect that SolarWinds will post 0.69 earnings per share for the current fiscal year.

SolarWinds Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

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.