SolarWinds (NYSE:SWI) Trading 13.3% Higher

Shares of SolarWinds Corp (NYSE:SWI) traded up 13.3% during trading on Monday . The stock traded as high as $16.24 and last traded at $16.23, 854,525 shares were traded during mid-day trading. An increase of 10% from the average session volume of 777,470 shares. The stock had previously closed at $14.32.

Several analysts have commented on the stock. Zacks Investment Research raised shares of SolarWinds from a “sell” rating to a “hold” rating in a research note on Tuesday, February 11th. Nomura lowered their target price on shares of SolarWinds from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Barclays cut shares of SolarWinds from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective for the company. in a research note on Friday, January 10th. ValuEngine raised shares of SolarWinds from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $21.00 price objective on shares of SolarWinds in a research note on Wednesday, March 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.50.

The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 324.66, a price-to-earnings-growth ratio of 1.84 and a beta of 1.35. The business’s 50 day moving average price is $16.39 and its 200-day moving average price is $18.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76.

SolarWinds (NYSE:SWI) last posted its earnings results on Tuesday, February 4th. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. SolarWinds had a net margin of 1.98% and a return on equity of 8.93%. The firm had revenue of $247.50 million during the quarter, compared to analysts’ expectations of $251.76 million. During the same quarter in the prior year, the firm earned $0.19 EPS. SolarWinds’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts forecast that SolarWinds Corp will post 0.78 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in SolarWinds in the 4th quarter worth about $16,818,000. Geode Capital Management LLC grew its position in SolarWinds by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 629,354 shares of the software maker’s stock worth $11,674,000 after purchasing an additional 23,330 shares during the last quarter. Alliancebernstein L.P. grew its position in SolarWinds by 7.6% in the 4th quarter. Alliancebernstein L.P. now owns 60,793 shares of the software maker’s stock worth $1,128,000 after purchasing an additional 4,300 shares during the last quarter. Man Group plc boosted its holdings in shares of SolarWinds by 17.3% in the fourth quarter. Man Group plc now owns 100,367 shares of the software maker’s stock valued at $1,862,000 after acquiring an additional 14,817 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of SolarWinds in the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 97.62% of the company’s stock.

About SolarWinds (NYSE:SWI)

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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