SolarWinds’ (SWI) Hold Rating Reiterated at Truist Financial

Truist Financial reissued their hold rating on shares of SolarWinds (NYSE:SWI) in a research report released on Monday,Benzinga reports. The brokerage currently has a $18.50 price objective on the software maker’s stock, up from their previous price objective of $13.00.

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

SolarWinds Stock Up 0.5 %

Shares of SolarWinds stock opened at $18.32 on Monday. SolarWinds has a 12-month low of $10.14 and a 12-month high of $18.55. 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 quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $14.73 and a two-hundred day moving average price of $13.47.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) 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%. Equities analysts expect that SolarWinds will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On SolarWinds

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after purchasing an additional 59,532 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in SolarWinds by 18.5% during 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 last quarter. State Street Corp grew 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 during the period. Principal Financial Group Inc. acquired a new stake in shares of SolarWinds in the 3rd quarter valued at approximately $3,673,000. Finally, Villanova Investment Management Co LLC grew its holdings in SolarWinds by 42.8% during the third quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock valued at $1,954,000 after purchasing an additional 44,839 shares during the period. Institutional investors own 93.96% of the company’s stock.

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.