SolarWinds (NYSE:SWI) Hits New 1-Year High - What's Next?

SolarWinds Co. (NYSE:SWI - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $13.43 and last traded at $13.42, with a volume of 101780 shares trading hands. The stock had previously closed at $13.06.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank started coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a "sector perform" rating and a $13.00 price target for the company. Robert W. Baird lowered their target price on SolarWinds from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.80.

SolarWinds Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The company's 50 day moving average is $12.72 and its 200-day moving average is $12.02. The stock has a market cap of $2.22 billion, a PE ratio of 188.86 and a beta of 0.97.

SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The business had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, sell-side analysts predict that SolarWinds Co. will post 0.71 earnings per share for the current year.

Institutional Trading of SolarWinds

A number of hedge funds and other institutional investors have recently made changes to their positions in SWI. GAMMA Investing LLC grew its holdings in SolarWinds by 344.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after acquiring an additional 1,603 shares in the last quarter. nVerses Capital LLC acquired a new position in SolarWinds in the second quarter worth about $41,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SolarWinds in the second quarter valued at about $58,000. Ameritas Investment Partners Inc. acquired a new stake in SolarWinds during the first quarter valued at approximately $62,000. Finally, Innealta Capital LLC bought a new position in SolarWinds during the 2nd quarter worth approximately $79,000. Institutional investors own 93.96% of the company's stock.

About SolarWinds

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.