3 days Ago By ABMN Staff
Shares of SolarWinds Co. ( NYSE:SWI – Get Free Report ) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation.
The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.80. SWI has been the topic of several recent analyst reports.
Robert W. Baird dropped their target price on SolarWinds from $15.00 to $14.
00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Scotiabank began coverage on SolarWinds in a report on Friday. They issued a “sector perform” rating and a $13.
00 target price on the stock. Read Our Latest Research Report on SWI SolarWinds Trading Up 1.1 % SolarWinds ( NYSE:SWI – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st.
The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.
03. The firm had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.
67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.
96%. The business’s revenue was up 4.5% on a year-over-year basis.
During the same period in the previous year, the company posted $0.12 earnings per share. Equities analysts predict that SolarWinds will post 0.
71 EPS for the current year. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of SolarWinds by 11.
9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock worth $59,589,000 after acquiring an additional 508,280 shares during the last quarter. Boston Partners bought a new position in SolarWinds during the first quarter valued at about $1,084,000.
Scalar Gauge Management LLC bought a new stake in shares of SolarWinds in the 4th quarter worth approximately $4,918,000. Quadrature Capital Ltd increased its holdings in SolarWinds by 33.1% in the 4th quarter.
Quadrature Capital Ltd now owns 30,087 shares of the software maker’s stock valued at $376,000 after buying an additional 7,478 shares during the period. Finally, Quest Partners LLC bought a new stake in SolarWinds in the fourth quarter valued at about $129,000. 93.
96% of the stock is currently owned by institutional investors and hedge funds. About SolarWinds ( Get Free Report 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.
Featured Articles Receive News & Ratings for SolarWinds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarWinds and related companies with MarketBeat.com's FREE daily email newsletter ..
