SolarWinds (NYSE:SWI) Price Target Raised to $18.50 at Robert W. Baird

SolarWinds (NYSE:SWI) had its price objective raised by Robert W. Baird from $15.00 to $18.50 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

SWI has been the topic of a number of other research reports. Royal Bank of Canada upped their price objective on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Finally, Scotiabank increased their price objective on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.00.

SolarWinds Price Performance

SWI stock opened at $18.32 on Monday. 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 1 year low of $10.14 and a 1 year high of $18.55. The firm has a 50-day moving average of $14.73 and a 200 day moving average of $13.47. The company has a market cap of $3.12 billion, a P/E ratio of 83.28 and a beta of 0.94.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. On average, sell-side analysts forecast that SolarWinds will post 0.74 EPS for the current year.

Institutional Trading of SolarWinds

Several large investors have recently added to or reduced their stakes in SWI. Barclays PLC grew its position in shares of SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after acquiring an additional 59,532 shares during the period. Pacer Advisors Inc. raised its stake in shares of SolarWinds by 18.5% in the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock worth $235,000 after buying an additional 2,574 shares during the period. 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 valued at $28,619,000 after buying an additional 800,467 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of SolarWinds during the 3rd quarter valued at approximately $3,673,000. Finally, Villanova Investment Management Co LLC raised its stake in SolarWinds by 42.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock worth $1,954,000 after acquiring an additional 44,839 shares during the period. 93.96% of the stock is currently owned by institutional investors.

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.