SolarWinds (NYSE:SWI) Sees Large Volume Increase - Here's What Happened

SolarWinds Co. (NYSE:SWI - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 1,006,982 shares changed hands during mid-day trading, an increase of 33% from the previous session's volume of 754,398 shares.The stock last traded at $18.42 and had previously closed at $18.43.

Analyst Ratings Changes

SWI has been the subject of a number of research analyst reports. Scotiabank upped their price objective 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. Truist Financial reiterated a "hold" rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Wedbush lowered SolarWinds from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Royal Bank of Canada increased their price objective on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds currently has a consensus rating of "Hold" and a consensus target price of $18.00.

SolarWinds Stock Performance

The firm's 50 day moving average price is $17.81 and its two-hundred day moving average price is $15.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market cap of $3.18 billion, a PE ratio of 29.18 and a beta of 0.88.

SolarWinds (NYSE:SWI - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.04% and a return on equity of 12.19%. On average, research analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

Institutional Trading of SolarWinds

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of 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. Fisher Asset Management LLC acquired a new position in SolarWinds during the fourth quarter valued at approximately $13,886,000. Pacer Advisors Inc. grew its stake in SolarWinds by 18.5% during the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker's stock worth $235,000 after buying an additional 2,574 shares during the period. State Street Corp increased its position in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock worth $28,619,000 after acquiring an additional 800,467 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SolarWinds by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker's stock valued at $6,715,000 after acquiring an additional 16,742 shares during the period. Hedge funds and other institutional investors own 93.96% of the company's stock.

About SolarWinds

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.