SolarWinds Co. (NYSE:SWI) Receives Consensus Recommendation of “Hold” from Brokerages

SolarWinds Co. (NYSE:SWI) has been given an average recommendation of “Hold” by the four analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.50.

SWI has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Finally, Truist Financial began coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price for the company.

Institutional Trading of SolarWinds

A number of hedge funds have recently made changes to their positions in SWI. Vanguard Group Inc. raised its position in SolarWinds by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,991,404 shares of the software maker’s stock valued at $56,559,000 after acquiring an additional 56,364 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 508,280 shares during the last quarter. Voss Capital LLC lifted its position in 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 during the last quarter. Wellington Management Group LLP grew its position in shares of SolarWinds by 5.4% in the third quarter. Wellington Management Group LLP now owns 1,618,818 shares of the software maker’s stock valued at $15,282,000 after purchasing an additional 82,602 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of SolarWinds in the fourth quarter worth about $5,420,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

SolarWinds Trading Up 0.3 %

NYSE SWI opened at $11.12 on Wednesday. The stock has a market cap of $1.87 billion, a P/E ratio of -222.40 and a beta of 0.97. The company’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $11.56. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. SolarWinds has a 52 week low of $8.39 and a 52 week high of $13.43.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million during the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. Equities research analysts predict that SolarWinds will post 0.62 EPS for the current fiscal year.

SolarWinds Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend 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.