SolarWinds Co. (NYSE:SWI) Receives $15.00 Average Price Target from Analysts

SolarWinds Co. (NYSE:SWI - Get Free Report) has been assigned an average rating of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.00.

SWI has been the subject of a number of recent research reports. Wedbush started coverage on SolarWinds in a research note on Thursday. They set an "outperform" rating and a $20.00 price objective for the company. Scotiabank initiated coverage on SolarWinds in a research report on Friday, September 13th. They set a "sector perform" rating and a $13.00 price target for the company. Finally, Robert W. Baird boosted their price target on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Friday, November 1st.

SolarWinds Stock Performance

NYSE SWI traded up $0.17 during trading hours on Friday, reaching $14.45. The stock had a trading volume of 1,546,468 shares, compared to its average volume of 568,499. SolarWinds has a 52-week low of $10.14 and a 52-week high of $14.94. The stock has a fifty day moving average of $13.48 and a 200 day moving average of $12.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $2.46 billion, a P/E ratio of 65.68 and a beta of 0.96.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same period in the prior year, the firm earned $0.11 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that SolarWinds will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at $30,262,499.28. The trade was a 8.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Bliss sold 135,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were 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 in the company, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,000 shares of company stock valued at $4,703,780. 1.95% of the stock is owned by company insiders.

Institutional Trading of SolarWinds

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in shares of SolarWinds in the third quarter worth approximately $3,673,000. Franklin Resources Inc. lifted its holdings in SolarWinds by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock valued at $386,000 after purchasing an additional 1,760 shares in the last quarter. Barclays PLC lifted its holdings in SolarWinds by 170.1% in the 3rd 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. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of SolarWinds during the third quarter worth $226,000. Finally, Geode Capital Management LLC raised its position in shares of SolarWinds by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker's stock valued at $16,839,000 after buying an additional 16,730 shares during the last quarter. 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.