SolarWinds (NYSE:SWI) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial assumed coverage on shares of SolarWinds (NYSE:SWIGet Free Report) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “hold” rating and a $13.00 price target on the software maker’s stock. Truist Financial’s target price points to a potential upside of 8.15% from the company’s previous close.

A number of other brokerages also recently issued reports on SWI. JPMorgan Chase & Co. initiated coverage on SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price objective for the company. TheStreet upgraded SolarWinds from a “d+” rating to a “c-” rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada increased their price target on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds has a consensus rating of “Hold” and a consensus price target of $13.50.

Get Our Latest Analysis on SolarWinds

SolarWinds Stock Up 0.3 %

Shares of NYSE:SWI traded up $0.03 during trading on Wednesday, reaching $12.02. 33,531 shares of the stock were exchanged, compared to its average volume of 435,974. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -239.80 and a beta of 0.97. The stock has a fifty day moving average of $12.15 and a two-hundred day moving average of $11.12. SolarWinds has a 1-year low of $8.06 and a 1-year high of $13.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90.

SolarWinds (NYSE:SWIGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million during the quarter, compared to analyst estimates of $190.54 million. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. Research analysts anticipate that SolarWinds will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in shares of SolarWinds by 49.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 783,551 shares of the software maker’s stock valued at $9,787,000 after acquiring an additional 258,953 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of SolarWinds by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,601 shares of the software maker’s stock valued at $383,000 after purchasing an additional 951 shares in the last quarter. GSA Capital Partners LLP raised its stake in SolarWinds by 34.7% during the fourth quarter. GSA Capital Partners LLP now owns 65,680 shares of the software maker’s stock valued at $820,000 after buying an additional 16,923 shares during the last quarter. Barclays PLC raised its stake in SolarWinds by 447.5% during the fourth quarter. Barclays PLC now owns 113,985 shares of the software maker’s stock valued at $1,423,000 after buying an additional 93,165 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in SolarWinds by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,046,569 shares of the software maker’s stock valued at $75,522,000 after buying an additional 55,165 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.

SolarWinds Company Profile

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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.

Further Reading

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