SolarWinds (NYSE:SWI) Sees Large Volume Increase – Should You Buy?

Shares of SolarWinds Co. (NYSE:SWI) saw unusually-high trading volume on Thursday . Approximately 753,566 shares were traded during mid-day 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 Analyst Weigh In

Several research firms have recently commented on SWI. Robert W. Baird boosted their price target on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective 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. Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Truist Financial reiterated a “hold” rating and issued a $18.50 price target (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Finally, Scotiabank upped their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, SolarWinds currently has a consensus rating of “Hold” and an average price target of $18.00.

SolarWinds Stock Down 0.1 %

The company’s fifty day simple moving average is $17.34 and its 200-day simple moving average is $14.79. The firm has a market capitalization of $3.19 billion, a PE ratio of 29.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping 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, analysts forecast that SolarWinds Co. will post 0.75 EPS for the current year.

Institutional Trading of SolarWinds

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its holdings in shares of SolarWinds by 808.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker’s stock valued at $25,000 after buying an additional 1,552 shares during the last quarter. R Squared Ltd acquired a new stake in SolarWinds during the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC grew its stake in SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after purchasing an additional 2,279 shares during the last quarter. State of Wyoming increased its holdings in shares of SolarWinds by 208.0% in the fourth quarter. State of Wyoming now owns 6,258 shares of the software maker’s stock valued at $89,000 after purchasing an additional 4,226 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of SolarWinds in the fourth quarter worth about $98,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

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.