SolarWinds (NYSE:SWI) Sees Large Volume Increase – What’s Next?

SolarWinds Co. (NYSE:SWI) shares saw an uptick in trading volume on Thursday . 1,307,678 shares changed hands during trading, an increase of 38% from the previous session’s volume of 945,222 shares.The stock last traded at $18.31 and had previously closed at $18.31.

Analyst Ratings Changes

SWI has been the subject of a number of recent research reports. Truist Financial reiterated a “hold” rating and set a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Scotiabank boosted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and cut their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Finally, Robert W. Baird boosted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

SolarWinds Price Performance

The stock has a market capitalization of $3.12 billion, a P/E ratio of 29.07 and a beta of 0.94. The stock’s fifty day moving average is $15.11 and its 200-day moving average is $13.70. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.39%. On average, equities analysts anticipate that SolarWinds Co. will post 0.75 earnings per share for the current year.

Institutional Trading of SolarWinds

Hedge funds have recently modified their holdings of the company. CWM LLC increased its holdings in shares of SolarWinds by 91.8% in the third quarter. CWM LLC now owns 17,222 shares of the software maker’s stock valued at $225,000 after purchasing an additional 8,242 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. Allworth Financial LP increased its holdings in shares of SolarWinds by 732.1% in the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after purchasing an additional 3,331 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of SolarWinds in the third quarter valued at approximately $342,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SolarWinds in the third quarter valued at approximately $191,000. 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.