SolarWinds (NYSE:SWI) Sees Strong Trading Volume – What’s Next?

Shares of SolarWinds Co. (NYSE:SWI) saw unusually-high trading volume on Thursday . Approximately 1,006,982 shares were traded during trading, an increase of 33% from the previous session’s volume of 754,398 shares.The stock last traded at $18.42 and had previously closed at $18.43.

Analysts Set New Price Targets

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

SolarWinds Trading Down 0.2 %

The stock has a market cap of $3.18 billion, a P/E ratio of 29.17 and a beta of 0.88. The firm’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $15.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. As a group, equities research analysts forecast that SolarWinds Co. will post 0.75 EPS for the current year.

Institutional Investors Weigh In On SolarWinds

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in shares of SolarWinds by 808.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker’s stock valued at $25,000 after buying an additional 1,552 shares in the last quarter. R Squared Ltd purchased a new stake in SolarWinds during the fourth quarter valued at about $38,000. Versant Capital Management Inc boosted its holdings in shares of SolarWinds by 517.7% in the 1st quarter. Versant Capital Management Inc now owns 2,971 shares of the software maker’s stock worth $55,000 after purchasing an additional 2,490 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after purchasing an additional 2,279 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of SolarWinds by 208.0% during the 4th quarter. State of Wyoming now owns 6,258 shares of the software maker’s stock valued at $89,000 after buying an additional 4,226 shares in the last quarter. 93.96% of the stock is owned by hedge funds and other institutional investors.

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.