SolarWinds (NYSE:SWI) Coverage Initiated at Wedbush

Analysts at Wedbush started coverage on shares of SolarWinds (NYSE:SWI - Get Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage set an "outperform" rating and a $20.00 price target on the software maker's stock. Wedbush's target price would suggest a potential upside of 40.06% from the company's current price.

Several other brokerages also recently weighed in on SWI. Robert W. Baird raised 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. Scotiabank assumed coverage on shares of SolarWinds in a research note on Friday, September 13th. They set a "sector perform" rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, SolarWinds has a consensus rating of "Hold" and a consensus target price of $15.00.

SolarWinds Trading Up 2.8 %

Shares of SWI traded up $0.39 during mid-day trading on Thursday, hitting $14.28. 935,293 shares of the company's stock traded hands, compared to its average volume of 564,507. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $2.44 billion, a P/E ratio of 64.91 and a beta of 0.96. The business's 50-day moving average price is $13.45 and its 200-day moving average price is $12.64. SolarWinds has a 1 year low of $10.14 and a 1 year high of $14.94.

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

Insider Transactions at SolarWinds

In related news, Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the sale, the director now owns 88,857 shares of the company's stock, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Bliss sold 135,000 shares of the company's stock in a transaction that occurred on 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 completion of 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 have sold 351,000 shares of company stock valued at $4,703,780 over the last quarter. 1.95% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SolarWinds

Several hedge funds have recently modified their holdings of SWI. Dimensional Fund Advisors LP grew its holdings in SolarWinds by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock valued at $69,603,000 after buying an additional 461,061 shares in the last quarter. State Street Corp raised its stake in SolarWinds by 57.5% during the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock valued at $28,619,000 after purchasing an additional 800,467 shares in the last quarter. Geode Capital Management LLC lifted its position in SolarWinds by 1.3% during 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 purchasing an additional 16,730 shares during the last quarter. Scalar Gauge Management LLC grew its stake in shares of SolarWinds by 11.3% in the 2nd quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker's stock worth $10,050,000 after buying an additional 85,000 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of SolarWinds by 48.5% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors 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.