SolarWinds (NYSE:SWI) Price Target Raised to $18.50

SolarWinds (NYSE:SWI) had its price target boosted by Robert W. Baird from $15.00 to $18.50 in a report published on Monday,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

SWI has been the topic of several other research reports. Wedbush downgraded SolarWinds from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Finally, Scotiabank upped their price target on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.00.

SolarWinds Trading Up 0.5 %

Shares of SWI stock opened at $18.32 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.12 billion, a P/E ratio of 83.28 and a beta of 0.94. The company has a 50 day moving average of $14.73 and a 200-day moving average of $13.47. SolarWinds has a 12-month low of $10.14 and a 12-month high of $18.55.

SolarWinds (NYSE:SWI) last issued its 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 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 Investors Weigh In On SolarWinds

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in SolarWinds by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker’s stock worth $97,831,000 after purchasing an additional 192,198 shares during the period. State Street Corp boosted its position in SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after buying an additional 800,467 shares during the period. Wellington Management Group LLP grew its holdings in SolarWinds by 93.3% in the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock worth $30,987,000 after acquiring an additional 1,049,310 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SolarWinds by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock valued at $16,839,000 after acquiring an additional 16,730 shares during the period. Finally, Fisher Asset Management LLC bought a new position in shares of SolarWinds during the fourth quarter valued at about $13,886,000. 93.96% of the stock is currently owned by institutional investors.

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.