SolarWinds (SWI) Earns “Hold” Rating from Barclays

Barclays reiterated their hold rating on shares of SolarWinds (NYSE:SWI) in a report issued on Sunday. Barclays currently has a $18.00 price target on the software maker’s stock.

Other analysts have also recently issued reports about the company. JMP Securities began coverage on SolarWinds in a research note on Tuesday, November 13th. They issued an outperform rating and a $19.00 price target on the stock. Evercore ISI began coverage on SolarWinds in a research report on Tuesday, November 13th. They set an outperform rating and a $18.00 target price on the stock. Citigroup began coverage on SolarWinds in a research report on Tuesday, November 13th. They set a buy rating and a $20.00 target price on the stock. Credit Suisse Group began coverage on SolarWinds in a research report on Tuesday, November 13th. They set an outperform rating and a $19.00 target price on the stock. Finally, Bank of America began coverage on SolarWinds in a research report on Tuesday, November 13th. They set a neutral rating and a $16.00 target price on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. SolarWinds presently has a consensus rating of Buy and a consensus price target of $19.43.

SolarWinds stock opened at $18.05 on Friday. SolarWinds has a 1-year low of $12.25 and a 1-year high of $19.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $5.59 billion and a price-to-earnings ratio of 31.67.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Thursday, February 7th. The software maker reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $221.60 million during the quarter, compared to analyst estimates of $219.02 million. The business’s revenue was up 18.3% compared to the same quarter last year. As a group, analysts anticipate that SolarWinds will post 0.79 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of SWI. State of Alaska Department of Revenue acquired a new position in SolarWinds in the 4th quarter valued at about $41,000. LGT Capital Partners LTD. acquired a new position in SolarWinds in the 4th quarter valued at about $1,660,000. Rhumbline Advisers acquired a new position in SolarWinds in the 4th quarter valued at about $292,000. First Trust Advisors LP acquired a new position in SolarWinds in the 4th quarter valued at about $3,579,000. Finally, Dean Capital Investments Management LLC acquired a new position in SolarWinds in the 4th quarter valued at about $552,000. Hedge funds and other institutional investors own 0.05% of the company’s stock.

About SolarWinds

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.

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Analyst Recommendations for SolarWinds (NYSE:SWI)

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