SolarWinds Co. (NYSE:SWI) Receives $14.00 Consensus Price Target from Analysts

SolarWinds Co. (NYSE:SWI) has received a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts recently commented on SWI shares. Scotiabank initiated coverage on SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird raised their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Insiders Place Their Bets

In related news, Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the transaction, the director now owns 88,857 shares of the company’s stock, valued at $1,166,692.41. The trade was a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $13.02, for a total value of $1,757,700.00. Following the sale, the insider now owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 351,000 shares of company stock worth $4,703,780. Corporate insiders own 1.95% of the company’s stock.

Hedge Funds Weigh In On SolarWinds

A number of hedge funds have recently bought and sold shares of SWI. State Street Corp lifted its position in shares of SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after buying an additional 800,467 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of SolarWinds by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after acquiring an additional 461,061 shares during the last quarter. 272 Capital LP bought a new stake in SolarWinds during the second quarter worth $5,032,000. Principal Financial Group Inc. purchased a new position in SolarWinds in the third quarter worth $3,673,000. Finally, AQR Capital Management LLC grew its stake in SolarWinds by 48.5% in the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after purchasing an additional 269,578 shares during the period. 93.96% of the stock is owned by hedge funds and other institutional investors.

SolarWinds Price Performance

SolarWinds stock opened at $13.70 on Wednesday. The stock’s 50 day moving average is $13.04 and its 200 day moving average is $12.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. SolarWinds has a one year low of $10.14 and a one year high of $14.02. The firm has a market cap of $2.34 billion, a P/E ratio of 62.28 and a beta of 0.96.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. SolarWinds’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect that SolarWinds will post 0.74 EPS for the current year.

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.