SolarWinds (NYSE:SWI – Get Free Report) had its price target increased by investment analysts at Truist Financial from $11.00 to $13.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. Truist Financial’s price target points to a potential downside of 0.69% from the stock’s previous close.
SWI has been the subject of a number of other reports. TheStreet raised shares of SolarWinds from a “d+” rating to a “c-” rating in a research report on Wednesday, December 13th. Royal Bank of Canada increased their price target on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. assumed coverage on shares of SolarWinds in a research report on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price target for the company. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.50.
SolarWinds Stock Performance
Hedge Funds Weigh In On SolarWinds
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in SolarWinds by 1.1% during the first quarter. Bank of America Corp DE now owns 90,741 shares of the software maker’s stock valued at $1,207,000 after acquiring an additional 958 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in SolarWinds by 3.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,655 shares of the software maker’s stock valued at $249,000 after purchasing an additional 1,002 shares during the last quarter. Trexquant Investment LP grew its stake in shares of SolarWinds by 3.6% in the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock worth $398,000 after acquiring an additional 1,106 shares during the last quarter. Sei Investments Co. grew its stake in shares of SolarWinds by 4.7% in the fourth quarter. Sei Investments Co. now owns 25,651 shares of the software maker’s stock worth $240,000 after acquiring an additional 1,163 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of SolarWinds by 5.2% in the second quarter. American International Group Inc. now owns 24,528 shares of the software maker’s stock worth $252,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors own 95.18% of the company’s stock.
SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.
- Five stocks we like better than SolarWinds
- How to Calculate Inflation Rate
- MarketBeat Week in Review – 2/5 – 2/9
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Cloudflare results spark analysts reset: 25% upside ahead
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Beyond Nvidia: The hidden stars with 200% earnings growth
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.