SolarWinds Co. (NYSE:SWI) Receives Average Recommendation of “Hold” from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have been given an average recommendation of “Hold” by the four brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.50.

SWI has been the subject of several recent research reports. Truist Financial began coverage on SolarWinds in a report on Wednesday, March 6th. They set a “hold” rating and a $13.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. initiated coverage on SolarWinds in a report on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price target on the stock.

Institutional Trading of SolarWinds

Hedge funds have recently added to or reduced their stakes in the stock. Voss Capital LLC lifted its stake in shares of SolarWinds by 145.6% in the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock valued at $35,853,000 after purchasing an additional 1,701,736 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SolarWinds during the 3rd quarter worth approximately $1,268,000. Foundry Partners LLC bought a new stake in shares of SolarWinds in the 4th quarter worth approximately $5,420,000. Quadrature Capital Ltd purchased a new stake in SolarWinds in the third quarter worth $214,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in SolarWinds in the 3rd quarter valued at about $791,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Price Performance

NYSE SWI opened at $11.12 on Wednesday. The stock has a 50-day simple moving average of $11.81 and a 200 day simple moving average of $11.56. SolarWinds has a twelve month low of $8.39 and a twelve month high of $13.43. The stock has a market capitalization of $1.87 billion, a PE ratio of -222.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90.

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, hitting the consensus estimate of $0.12. The company 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%. Research analysts anticipate that SolarWinds will post 0.62 EPS for the current year.

SolarWinds Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd.

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.