SolarWinds (NYSE:SWI - Free Report) had its target price hoisted by Robert W. Baird from $14.00 to $15.00 in a research report report published on Monday, Benzinga reports. Robert W. Baird currently has a neutral rating on the software maker's stock.
SWI has been the subject of several other research reports. Truist Financial began coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a hold rating and a $13.00 price target for the company. Royal Bank of Canada lifted 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. began coverage on shares of SolarWinds in a research report on Thursday, February 1st. They set a neutral rating and a $14.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $13.80.
View Our Latest Report on SolarWinds
SolarWinds Trading Up 0.9 %
SolarWinds stock traded up $0.10 during trading on Monday, hitting $11.80. The company had a trading volume of 438,910 shares, compared to its average volume of 446,747. SolarWinds has a 1-year low of $8.50 and a 1-year high of $13.43. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. The company's 50 day simple moving average is $11.73 and its 200-day simple moving average is $11.63. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 168.57 and a beta of 0.97.
SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $198.14 million during the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. As a group, analysts expect 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. Investors of record on Wednesday, April 3rd were given a $1.00 dividend. The ex-dividend date was Tuesday, April 2nd.
Institutional Investors Weigh In On SolarWinds
A number of institutional investors and hedge funds have recently bought and sold shares of SWI. SG Americas Securities LLC purchased a new stake in SolarWinds in the third quarter valued at $214,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SolarWinds by 185.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker's stock valued at $84,000 after acquiring an additional 5,793 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of SolarWinds by 118.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker's stock valued at $52,000 after buying an additional 2,957 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of SolarWinds in the third quarter valued at about $495,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of SolarWinds in the third quarter valued at about $791,000. 93.96% of the stock is owned by hedge funds and other institutional investors.
About SolarWinds
(
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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.
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