SolarWinds (NYSE:SWI) Downgraded to “Neutral” Rating by Wedbush

Wedbush lowered shares of SolarWinds (NYSE:SWI) from an outperform rating to a neutral rating in a research note released on Friday, Marketbeat.com reports. They currently have $18.50 target price on the software maker’s stock, down from their prior target price of $20.00.

SWI has been the topic of several other research reports. Robert W. Baird boosted their price objective on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Scotiabank raised their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

SolarWinds Stock Performance

Shares of SWI opened at $18.34 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The firm’s 50 day moving average is $14.47 and its 200-day moving average is $13.32. SolarWinds has a 12-month low of $10.14 and a 12-month high of $18.55. The stock has a market capitalization of $3.13 billion, a P/E ratio of 83.37 and a beta of 0.94.

Institutional Investors Weigh In On SolarWinds

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