Brokerages Set SolarWinds Co. (NYSE:SWI) Price Target at $13.50

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus recommendation of “Hold” from the four brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $13.50.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. assumed coverage on shares of SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price target on the stock. Finally, Truist Financial assumed coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target on the stock.

SolarWinds Stock Performance

SWI opened at $11.12 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -222.40 and a beta of 0.97. SolarWinds has a 52-week low of $8.39 and a 52-week high of $13.43. The firm’s fifty day simple moving average is $11.81 and its two-hundred day simple moving average is $11.53.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. Equities analysts anticipate that SolarWinds will post 0.62 earnings per share for the current fiscal year.

SolarWinds Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 3rd were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd. SolarWinds’s dividend payout ratio (DPR) is presently -3,000.00%.

Institutional Investors Weigh In On SolarWinds

A number of institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP increased its position in shares of SolarWinds by 3.6% during the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock valued at $398,000 after acquiring an additional 1,106 shares during the last quarter. Barclays PLC increased its position in shares of SolarWinds by 9.7% during the third quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock valued at $197,000 after acquiring an additional 1,842 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of SolarWinds by 28.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock valued at $134,000 after purchasing an additional 2,343 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of SolarWinds by 1.3% in the first quarter. Los Angeles Capital Management LLC now owns 208,102 shares of the software maker’s stock valued at $2,626,000 after purchasing an additional 2,692 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of SolarWinds in the fourth quarter valued at approximately $57,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Company Profile

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.