SolarWinds Co. (NYSE:SWI) Given Consensus Rating of “Hold” by Brokerages

SolarWinds Co. (NYSE:SWI) has been given an average recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.00.

SWI has been the subject of several research analyst reports. Wedbush started coverage on SolarWinds in a research note on Thursday, December 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Scotiabank started coverage on shares of SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target for the company. Finally, Robert W. Baird increased their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $14.29 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 64.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day moving average of $13.62 and a 200-day moving average of $12.76. SolarWinds has a one year low of $10.14 and a one year high of $14.94.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same period last year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that SolarWinds will post 0.74 EPS for the current fiscal year.

Insider Transactions at SolarWinds

In related news, insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $13.02, for a total value of $1,757,700.00. Following the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total value of $210,080.00. Following the sale, the director now directly owns 88,857 shares of the company’s stock, valued at $1,166,692.41. The trade was a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,000 shares of company stock worth $4,703,780 in the last 90 days. 1.95% of the stock is owned by insiders.

Hedge Funds Weigh In On SolarWinds

Several large investors have recently made changes to their positions in SWI. Allspring Global Investments Holdings LLC increased its position in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after acquiring an additional 1,001 shares during the period. Quantinno Capital Management LP raised its position in SolarWinds by 2.5% in the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock worth $629,000 after purchasing an additional 1,184 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after buying an additional 1,603 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of SolarWinds by 6.2% during the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock valued at $386,000 after acquiring an additional 1,760 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in SolarWinds by 1.2% during the 2nd quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock valued at $1,884,000 after purchasing an additional 1,793 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

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.