SolarWinds Co. (NYSE:SWI) Receives $14.00 Average PT from Brokerages

SolarWinds Co. (NYSE:SWI - Get Free Report) has been given an average recommendation of "Hold" by the five ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is $14.00.

Several research firms recently weighed in on SWI. Robert W. Baird lifted their target price on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Friday. Scotiabank assumed coverage on SolarWinds in a research note on Friday, September 13th. They set a "sector perform" rating and a $13.00 price objective for the company.

SolarWinds Stock Performance

SolarWinds stock traded up $0.08 during mid-day trading on Friday, reaching $13.16. 2,056,940 shares of the stock traded hands, compared to its average volume of 402,631. The stock has a market capitalization of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The business's 50-day moving average is $12.72 and its 200-day moving average is $12.12. SolarWinds has a 12-month low of $9.41 and a 12-month high of $13.45.

SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, sell-side analysts predict that SolarWinds will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On SolarWinds

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in SolarWinds by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock valued at $69,603,000 after acquiring an additional 461,061 shares in the last quarter. 272 Capital LP purchased a new position in shares of SolarWinds during the second quarter valued at about $5,032,000. Principal Financial Group Inc. bought a new stake in shares of SolarWinds in the third quarter worth about $3,673,000. AQR Capital Management LLC lifted its position in shares of SolarWinds by 48.5% in the second quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker's stock worth $9,869,000 after buying an additional 269,578 shares in the last quarter. Finally, Mcmorgan & Co. LLC bought a new position in SolarWinds during the second quarter valued at approximately $2,618,000. 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.