Shares of SolarWinds Co. (NYSE:SWI - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,357,225 shares were traded during mid-day trading, an increase of 66% from the previous session's volume of 817,661 shares.The stock last traded at $18.48 and had previously closed at $18.37.
Wall Street Analysts Forecast Growth
SWI has been the subject of several recent research reports. Scotiabank increased their price target on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Royal Bank of Canada increased their target price on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Truist Financial reaffirmed a "hold" rating and issued a $18.50 price target (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Robert W. Baird increased their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Wedbush downgraded shares of SolarWinds from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.00.
Get Our Latest Report on SWI
SolarWinds Stock Up 0.1 %
The firm has a fifty day moving average price of $18.23 and a 200 day moving average price of $15.29. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.37 and a beta of 0.88.
SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. Sell-side analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current fiscal year.
Institutional Trading of SolarWinds
A number of hedge funds and other institutional investors have recently modified their holdings of SWI. Sterling Capital Management LLC boosted its position in SolarWinds by 808.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock valued at $25,000 after buying an additional 1,552 shares during the last quarter. R Squared Ltd bought a new position in SolarWinds in the fourth quarter valued at about $38,000. Versant Capital Management Inc increased its position in SolarWinds by 517.7% in the first quarter. Versant Capital Management Inc now owns 2,971 shares of the software maker's stock worth $55,000 after purchasing an additional 2,490 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock worth $76,000 after purchasing an additional 2,279 shares during the last quarter. Finally, State of Wyoming lifted its position in SolarWinds by 208.0% during the 4th quarter. State of Wyoming now owns 6,258 shares of the software maker's stock valued at $89,000 after purchasing an additional 4,226 shares during the period. Institutional investors and hedge funds own 93.96% of the company's stock.
About SolarWinds
(
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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.
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