SolarWinds (NYSE:SWI) Lowered to "Neutral" Rating by Wedbush

SolarWinds (NYSE:SWI - Get Free Report) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $18.50 price target on the software maker's stock, down from their previous price target of $20.00. Wedbush's target price would indicate a potential upside of 1.18% from the company's current price.

Several other analysts also recently issued reports on the stock. Scotiabank lifted their price target on shares of SolarWinds from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird raised their price objective on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds has a consensus rating of "Hold" and a consensus target price of $18.00.

SolarWinds Trading Down 0.1 %

Shares of SWI stock traded down $0.03 during trading hours on Friday, hitting $18.29. 1,271,358 shares of the company were exchanged, compared to its average volume of 853,774. The firm has a market cap of $3.12 billion, a P/E ratio of 83.07 and a beta of 0.94. SolarWinds has a fifty-two week low of $10.14 and a fifty-two week high of $18.55. 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 company has a 50 day simple moving average of $14.56 and a two-hundred day simple moving average of $13.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after purchasing an additional 1,603 shares in the last quarter. R Squared Ltd purchased a new position in shares of SolarWinds during the fourth quarter worth about $38,000. Allworth Financial LP boosted its stake in SolarWinds by 732.1% in the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock worth $49,000 after buying an additional 3,331 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock worth $66,000 after buying an additional 1,001 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in SolarWinds by 75.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock worth $76,000 after buying an additional 2,279 shares in 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.