SolarWinds Co. (NYSE:SWI) Given Average Recommendation of "Hold" by Analysts

Shares of SolarWinds Co. (NYSE:SWI - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.80.

A number of research firms have commented on SWI. Truist Financial started coverage on SolarWinds in a research note on Wednesday, March 6th. They set a "hold" rating and a $13.00 price objective on the stock. JPMorgan Chase & Co. started coverage on SolarWinds in a research note on Thursday, February 1st. They issued a "neutral" rating and a $14.00 price target for the company. Royal Bank of Canada upped 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, Robert W. Baird raised their target price on shares of SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, May 6th.

SolarWinds Stock Performance

Shares of NYSE SWI traded up $0.02 during midday trading on Friday, hitting $12.14. 329,621 shares of the company's stock were exchanged, compared to its average volume of 416,889. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.93. The company's 50 day moving average price is $11.69 and its 200 day moving average price is $11.82. SolarWinds has a 12 month low of $8.82 and a 12 month high of $13.43. The firm has a market capitalization of $2.04 billion, a PE ratio of 173.43 and a beta of 0.97.

SolarWinds Announces Dividend

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

Institutional Investors Weigh In On SolarWinds

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Voss Capital LLC boosted its stake in shares of SolarWinds by 145.6% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in SolarWinds by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker's stock worth $59,589,000 after buying an additional 508,280 shares during the period. Foundry Partners LLC bought a new stake in SolarWinds during the 4th quarter worth approximately $5,420,000. Scalar Gauge Management LLC acquired a new position in SolarWinds in the 4th quarter valued at approximately $4,918,000. Finally, ABS Direct Equity Fund LLC bought a new position in shares of SolarWinds during the fourth quarter valued at $2,498,000. 93.96% of the stock is owned by institutional investors.

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.