Barclays Trims SolarWinds (NYSE:SWI) Target Price to $14.00


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SolarWinds (NYSE:SWI) had its target price trimmed by Barclays from $20.00 to $14.00 in a research report released on Monday morning, The Fly reports. The brokerage currently has an underweight rating on the software maker’s stock.

Several other equities research analysts have also commented on SWI. Zacks Investment Research lowered shares of SolarWinds from a hold rating to a sell rating in a report on Thursday, December 24th. Morgan Stanley reduced their price target on shares of SolarWinds from $21.00 to $15.00 and set an equal weight rating for the company in a report on Wednesday, January 6th. Berenberg Bank started coverage on shares of SolarWinds in a report on Wednesday, October 7th. They issued a buy rating and a $26.00 price target for the company. ValuEngine upgraded shares of SolarWinds from a sell rating to a hold rating in a report on Friday, December 18th. Finally, JMP Securities boosted their price target on shares of SolarWinds from $22.00 to $25.00 and gave the company a market outperform rating in a report on Wednesday, October 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $18.75.

Shares of NYSE:SWI opened at $14.64 on Monday. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 162.68 and a beta of 1.20. The company has a 50-day moving average price of $18.39 and a 200-day moving average price of $19.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. SolarWinds has a 12 month low of $11.50 and a 12 month high of $24.34.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Tuesday, October 27th. The software maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. SolarWinds had a net margin of 3.12% and a return on equity of 9.33%. The firm had revenue of $260.98 million during the quarter, compared to the consensus estimate of $256.42 million. As a group, research analysts forecast that SolarWinds will post 0.81 EPS for the current fiscal year.

In related news, major shareholder Nb Strategic Co-Investment Par sold 289,066 shares of the company’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $21.97, for a total value of $6,350,780.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Usa Investors Venture I. Hermes sold 57,813 shares of the company’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $21.97, for a total transaction of $1,270,151.61. Following the completion of the sale, the insider now directly owns 991,894 shares of the company’s stock, valued at approximately $21,791,911.18. The disclosure for this sale can be found here. Insiders have sold 8,992,950 shares of company stock valued at $197,594,819 in the last ninety days. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its position in shares of SolarWinds by 0.4% during the first quarter. First Trust Advisors LP now owns 259,763 shares of the software maker’s stock worth $5,071,000 after purchasing an additional 954 shares in the last quarter. UBS Group AG lifted its position in shares of SolarWinds by 227.6% during the second quarter. UBS Group AG now owns 2,123 shares of the software maker’s stock worth $38,000 after purchasing an additional 1,475 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of SolarWinds during the third quarter worth about $31,000. California State Teachers Retirement System lifted its position in shares of SolarWinds by 2.3% during the second quarter. California State Teachers Retirement System now owns 76,433 shares of the software maker’s stock worth $1,351,000 after purchasing an additional 1,683 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in SolarWinds by 14.3% in the third quarter. BNP Paribas Arbitrage SA now owns 14,570 shares of the software maker’s stock valued at $296,000 after acquiring an additional 1,821 shares in the last quarter. 96.33% of the stock is owned by institutional investors.

About SolarWinds

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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