Robert W. Baird Increases SolarWinds (NYSE:SWI) Price Target to $15.00

SolarWinds (NYSE:SWI) had its price target increased by analysts at Robert W. Baird from $14.00 to $15.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s price target points to a potential upside of 28.10% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Truist Financial began coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of SolarWinds in a research report on Thursday, February 1st. They set a “neutral” rating and a $14.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.80.

SolarWinds Stock Performance

NYSE:SWI opened at $11.71 on Monday. The company’s 50-day moving average is $11.72 and its two-hundred day moving average is $11.65. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 167.29 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. SolarWinds has a 1-year low of $8.50 and a 1-year high of $13.43.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million for the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. Analysts forecast that SolarWinds will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Voss Capital LLC raised its holdings in shares of SolarWinds by 145.6% during the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock valued at $35,853,000 after buying an additional 1,701,736 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of SolarWinds during the third quarter worth $1,268,000. Foundry Partners LLC purchased a new position in shares of SolarWinds in the fourth quarter valued at $5,420,000. Quadrature Capital Ltd acquired a new stake in SolarWinds during the 3rd quarter valued at $214,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in SolarWinds during the 3rd quarter worth $791,000. 93.96% of the stock is currently owned by hedge funds and other 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.