SolarWinds’ (SWI) “Hold” Rating Reaffirmed at Truist Financial

Truist Financial restated their hold rating on shares of SolarWinds (NYSE:SWI) in a research report report published on Monday morning,Benzinga reports. Truist Financial currently has a $18.50 target price on the software maker’s stock, up from their prior target price of $13.00.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird raised their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada upped their price objective on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Finally, Scotiabank increased their price target on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds presently has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Trading Up 0.5 %

SWI opened at $18.32 on Monday. The firm’s fifty day simple moving average is $14.73 and its 200 day simple moving average is $13.47. The stock has a market capitalization of $3.12 billion, a P/E ratio of 83.28 and a beta of 0.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds has a 12 month low of $10.14 and a 12 month high of $18.55.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. As a group, research analysts anticipate that SolarWinds will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarWinds

Institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in SolarWinds by 170.1% during the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after purchasing an additional 59,532 shares during the last quarter. Pacer Advisors Inc. boosted its stake in SolarWinds by 18.5% in the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock valued at $235,000 after buying an additional 2,574 shares in the last quarter. State Street Corp grew its position in SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after acquiring an additional 800,467 shares during the last quarter. Principal Financial Group Inc. acquired a new position in SolarWinds during the third quarter worth about $3,673,000. Finally, Villanova Investment Management Co LLC lifted its holdings in shares of SolarWinds by 42.8% in the third 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 last quarter. 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.