Analysts Set SolarWinds Co. (NYSE:SWI) Target Price at $13.50

Shares of SolarWinds Co. (NYSE:SWI) have earned a consensus rating of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $13.50.

SWI has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 target price on the stock. Truist Financial initiated coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price on the stock. Finally, Royal Bank of Canada lifted 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.

Institutional Trading of SolarWinds

Several hedge funds have recently bought and sold shares of SWI. Voss Capital LLC lifted its stake in SolarWinds by 145.6% in the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after purchasing an additional 1,701,736 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $59,589,000 after buying an additional 508,280 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of SolarWinds in the 4th quarter worth about $5,420,000. Scalar Gauge Management LLC bought a new stake in shares of SolarWinds in the 4th quarter worth about $4,918,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of SolarWinds in the 4th quarter worth about $2,498,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Trading Up 0.3 %

Shares of SolarWinds stock opened at $11.12 on Wednesday. The company’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $11.53. The stock has a market capitalization of $1.87 billion, a PE ratio of -222.40 and a beta of 0.97. SolarWinds has a 1-year low of $8.39 and a 1-year high of $13.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90.

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

SolarWinds Announces Dividend

The business also recently declared a dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. SolarWinds’s payout ratio is currently -3,000.00%.

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.