SolarWinds (NYSE:SWI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

SolarWinds (NYSE:SWI - Free Report) had its price objective hoisted by Robert W. Baird from $15.00 to $18.50 in a research report released on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the software maker's stock.

A number of other analysts have also recently issued reports on SWI. Royal Bank of Canada raised their price objective on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Wedbush cut SolarWinds from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Finally, Scotiabank raised their price objective on SolarWinds from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.00.

SolarWinds Stock Up 0.1 %

NYSE SWI traded up $0.02 during trading hours on Monday, hitting $18.33. 1,626,314 shares of the company traded hands, compared to its average volume of 936,025. The business's 50-day moving average is $14.80 and its 200-day moving average is $13.50. SolarWinds has a twelve month low of $10.14 and a twelve month 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 stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 83.30 and a beta of 0.94.

SolarWinds (NYSE:SWI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. Sell-side analysts anticipate that SolarWinds will post 0.74 earnings per share for the current year.

Institutional Trading of SolarWinds

Hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its stake in SolarWinds by 38.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 113,964 shares of the software maker's stock worth $1,624,000 after acquiring an additional 31,439 shares during the period. Sterling Capital Management LLC increased its stake in SolarWinds by 808.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock worth $25,000 after acquiring an additional 1,552 shares during the period. Envestnet Asset Management Inc. increased its stake in SolarWinds by 17.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,718 shares of the software maker's stock worth $195,000 after acquiring an additional 2,061 shares during the period. Wells Fargo & Company MN increased its stake in SolarWinds by 10.5% during the 4th quarter. Wells Fargo & Company MN now owns 40,755 shares of the software maker's stock worth $581,000 after acquiring an additional 3,859 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in SolarWinds during the 4th quarter worth $298,000. 93.96% of the stock is owned by institutional investors and hedge funds.

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.