SolarWinds (NYSE:SWI) Earns “Hold” Rating from Truist Financial

SolarWinds (NYSE:SWI)‘s stock had its “hold” rating reissued by analysts at Truist Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $18.50 price objective on the software maker’s stock, up from their previous price objective of $13.00. Truist Financial’s price target suggests a potential upside of 1.51% from the company’s current price.

SWI has been the topic of a number of other research reports. Royal Bank of Canada raised 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. Scotiabank upped their target price on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Robert W. Baird upped their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday. Finally, Wedbush downgraded 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 report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Stock Performance

SWI opened at $18.23 on Monday. The stock has a 50-day moving average of $14.65 and a 200-day moving average of $13.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. SolarWinds has a 52-week low of $10.14 and a 52-week high of $18.55. The company has a market cap of $3.11 billion, a PE ratio of 82.84 and a beta of 0.94.

Institutional Investors Weigh In On SolarWinds

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after buying an additional 1,603 shares during the period. R Squared Ltd bought a new stake in SolarWinds in the fourth quarter valued at about $38,000. Allworth Financial LP boosted its holdings in SolarWinds by 732.1% during the third 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 position in shares of 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 period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after acquiring an additional 2,279 shares during the period. 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.