SolarWinds (NYSE:SWI) Sees Strong Trading Volume – Should You Buy?

SolarWinds Co. (NYSE:SWI) saw unusually-strong trading volume on Thursday . Approximately 753,566 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 707,837 shares.The stock last traded at $18.44 and had previously closed at $18.39.

Wall Street Analysts Forecast Growth

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

SolarWinds Stock Up 0.2 %

The business’s fifty day moving average price is $17.16 and its 200 day moving average price is $14.72. 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 firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93.

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

Hedge Funds Weigh In On SolarWinds

Several hedge funds and other institutional investors have recently bought and sold shares of SWI. Vanguard Group Inc. grew its stake in SolarWinds by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker’s stock valued at $97,831,000 after acquiring an additional 192,198 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SolarWinds by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,698,697 shares of the software maker’s stock worth $95,456,000 after acquiring an additional 433,905 shares during the last quarter. Voss Capital LP lifted its position in shares of SolarWinds by 3.3% in the fourth quarter. Voss Capital LP now owns 4,492,541 shares of the software maker’s stock valued at $64,019,000 after acquiring an additional 142,541 shares in the last quarter. State Street Corp increased its position in SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after purchasing an additional 800,467 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in SolarWinds by 93.3% in the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock valued at $30,987,000 after purchasing an additional 1,049,310 shares in the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

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.