SolarWinds Co. (NYSE:SWI - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 753,566 shares traded hands during trading, an increase of 6% from the previous session's volume of 707,837 shares.The stock last traded at $18.44 and had previously closed at $18.39.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on SWI shares. Truist Financial reiterated a "hold" rating and set a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Wedbush cut shares of SolarWinds from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Robert W. Baird raised their price objective on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Scotiabank upped their target price on SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.00.
Read Our Latest Research Report on SolarWinds
SolarWinds Stock Performance
The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. The company has a fifty day moving average of $17.34 and a two-hundred day moving average of $14.83. The stock has a market capitalization of $3.19 billion, a P/E ratio of 29.26 and a beta of 0.93.
SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current year.
Hedge Funds Weigh In On SolarWinds
Several institutional investors have recently made changes to their positions in SWI. Wealth Enhancement Advisory Services LLC lifted its stake in SolarWinds by 6.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,592 shares of the software maker's stock valued at $222,000 after buying an additional 978 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SolarWinds by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,966 shares of the software maker's stock worth $441,000 after buying an additional 1,105 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of SolarWinds by 2.5% in the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker's stock valued at $629,000 after buying an additional 1,184 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of SolarWinds by 808.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock valued at $25,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of SolarWinds by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock worth $386,000 after acquiring an additional 1,760 shares during the last quarter. 93.96% of the stock is owned by institutional investors.
SolarWinds Company Profile
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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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