SolarWinds Co. (NYSE:SWI - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.00.
A number of brokerages have weighed in on SWI. Wedbush initiated coverage on shares of SolarWinds in a research note on Thursday, December 19th. They issued an "outperform" rating and a $20.00 target price for the company. Robert W. Baird upped their price objective on SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, November 1st.
Get Our Latest Stock Analysis on SWI
Insider Transactions at SolarWinds
In other SolarWinds news, Director William G. Bock sold 16,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total value of $210,080.00. Following the transaction, the director now owns 88,857 shares of the company's stock, valued at approximately $1,166,692.41. This represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jason Bliss sold 135,000 shares of the business's stock in a transaction dated 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 owns 838,789 shares of the company's stock, valued at $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock worth $4,703,780 in the last quarter. 1.95% of the stock is owned by company insiders.
Institutional Trading of SolarWinds
A number of hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker's stock valued at $1,233,000 after purchasing an additional 59,532 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of SolarWinds by 12.3% in the 2nd quarter. Brandes Investment Partners LP now owns 371,636 shares of the software maker's stock valued at $4,424,000 after buying an additional 40,643 shares in the last quarter. State Street Corp increased its position in shares of SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock valued at $28,619,000 after buying an additional 800,467 shares in the last quarter. Principal Financial Group Inc. bought a new position in SolarWinds during the third quarter worth about $3,673,000. Finally, 272 Capital LP acquired a new position in SolarWinds in the second quarter valued at about $5,032,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.
SolarWinds Price Performance
NYSE SWI traded up $0.07 during trading hours on Thursday, reaching $14.06. 300,148 shares of the company's stock were exchanged, compared to its average volume of 440,005. The firm has a fifty day moving average of $13.93 and a 200-day moving average of $12.97. SolarWinds has a one year low of $10.14 and a one year high of $14.94. The stock has a market cap of $2.40 billion, a PE ratio of 63.89 and a beta of 0.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.
SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company had revenue of $200.03 million for the quarter, compared to analysts' expectations of $194.03 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that SolarWinds will post 0.74 earnings per share for the current fiscal year.
SolarWinds Company Profile
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Get Free ReportSolarWinds 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.
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