SolarWinds (NYSE:SWI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

SolarWinds (NYSE:SWI) had its price objective hoisted by investment analysts at Robert W. Baird from $15.00 to $18.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 0.87% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Scotiabank upped their target price 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. Finally, Wedbush downgraded 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. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.20.

SolarWinds Price Performance

Shares of SWI stock opened at $18.34 on Monday. The firm has a fifty day simple moving average of $14.47 and a 200-day simple moving average of $13.35. The company has a market capitalization of $3.13 billion, a PE ratio of 83.37 and a beta of 0.94. SolarWinds has a twelve month low of $10.14 and a twelve month high of $18.55. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,001 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of SolarWinds by 2.5% in the 3rd quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock worth $629,000 after purchasing an additional 1,184 shares in the last quarter. GAMMA Investing LLC lifted its stake in SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares during the last quarter. Franklin Resources Inc. boosted its holdings in SolarWinds by 6.2% during the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock worth $386,000 after buying an additional 1,760 shares in the last quarter. Finally, West Tower Group LLC boosted its holdings in SolarWinds by 38.3% during the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock worth $94,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

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.