SolarWinds (NYSE:SWI) Sees Unusually-High Trading Volume – Still a Buy?

SolarWinds Co. (NYSE:SWI) shares saw unusually-strong trading volume on Thursday . Approximately 1,307,678 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 945,222 shares.The stock last traded at $18.31 and had previously closed at $18.31.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SWI shares. Truist Financial reissued a “hold” rating and issued a $18.50 price target (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Scotiabank increased their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Robert W. Baird increased their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Finally, Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $18.50 in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds currently has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Trading Up 0.0 %

The firm has a market capitalization of $3.14 billion, a PE ratio of 29.07 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average price of $15.25 and a two-hundred day moving average price of $13.79.

SolarWinds (NYSE:SWI) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. Analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarWinds

A number of hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in shares of SolarWinds by 808.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,552 shares in the last quarter. R Squared Ltd purchased a new position in SolarWinds during the 4th quarter worth approximately $38,000. Allworth Financial LP grew its stake in SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after buying an additional 3,331 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after buying an additional 1,001 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after buying an additional 2,279 shares during the last quarter. Institutional investors and hedge funds 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.