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

SolarWinds Co. (NYSE:SWI) has been given an average recommendation of “Hold” by the four ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.50.

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

Institutional Trading of SolarWinds

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Voss Capital LLC increased its stake in SolarWinds by 145.6% during the fourth quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after acquiring an additional 1,701,736 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SolarWinds during the 3rd quarter worth about $1,268,000. Foundry Partners LLC acquired a new stake in SolarWinds during the 4th quarter worth approximately $5,420,000. Quadrature Capital Ltd purchased a new position in SolarWinds in the third quarter valued at approximately $214,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in SolarWinds during the third quarter valued at approximately $791,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Down 1.9 %

Shares of NYSE SWI opened at $11.02 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day moving average is $11.79 and its two-hundred day moving average is $11.58. SolarWinds has a 12-month low of $8.49 and a 12-month high of $13.43. The company has a market capitalization of $1.85 billion, a PE ratio of -220.40 and a beta of 0.97.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $198.14 million for 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%. Equities analysts anticipate that SolarWinds will post 0.62 EPS for the current fiscal year.

SolarWinds Dividend Announcement

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

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.