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SolarWinds Co. (NYSE:SWI) Receives $12.60 Average PT From Analysts

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Shares of SolarWinds Co. (NYSE:SWI – Get Rating) have earned a consensus rating of "Hold" from the seven research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.60.

A number of brokerages recently issued reports on SWI. Robert W. Baird lowered their price target on shares of SolarWinds to $12.00 in a report on Tuesday, August 9th. Royal Bank of Canada lowered their target price on shares of SolarWinds from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 3rd. Morgan Stanley cut their price target on SolarWinds from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 3rd. Finally, Truist Financial reduced their target price on SolarWinds from $15.00 to $10.00 in a research note on Wednesday, August 3rd.

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Institutional Trading of SolarWinds

Several large investors have recently made changes to their positions in the company. McCarthy Asset Management Inc. acquired a new stake in SolarWinds during the 1st quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of SolarWinds in the second quarter worth about $32,000. Point72 Hong Kong Ltd acquired a new position in SolarWinds during the fourth quarter worth about $50,000. US Bancorp DE grew its stake in SolarWinds by 3,591.5% during the 1st quarter. US Bancorp DE now owns 4,762 shares of the software maker's stock valued at $64,000 after acquiring an additional 4,633 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in SolarWinds by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 5,754 shares of the software maker's stock valued at $76,000 after acquiring an additional 1,918 shares during the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.

SolarWinds Price Performance

NYSE:SWI opened at $7.58 on Wednesday. The firm's fifty day moving average is $9.38 and its two-hundred day moving average is $10.98. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -1.84 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.15 and a current ratio of 2.15. SolarWinds has a one year low of $7.51 and a one year high of $20.55.

SolarWinds (NYSE:SWI – Get Rating) last issued its earnings results on Tuesday, August 2nd. The software maker reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $176.03 million for the quarter, compared to the consensus estimate of $175.53 million. SolarWinds had a positive return on equity of 1.07% and a negative net margin of 91.47%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Research analysts expect that SolarWinds will post 0.53 EPS for the current year.

SolarWinds Company Profile

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SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.

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