SolarWinds (NYSE:SWI) Downgraded by Wedbush to Neutral

SolarWinds (NYSE:SWI) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued on Friday,Finviz reports.

Several other equities analysts also recently issued reports on the stock. Scotiabank raised their price target 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 raised their price target on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.80.

SolarWinds Trading Up 23.1 %

Shares of SWI stock traded up $3.48 on Friday, hitting $18.51. The stock had a trading volume of 3,732,324 shares, compared to its average volume of 492,680. The firm has a market cap of $3.16 billion, a P/E ratio of 84.12 and a beta of 0.94. SolarWinds has a twelve month low of $10.14 and a twelve month high of $18.55. The company has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $13.28. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.

Institutional Investors Weigh In On SolarWinds

A number of institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after acquiring an additional 59,532 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. Pacer Advisors Inc. increased its position in SolarWinds by 18.5% during the 4th quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock worth $235,000 after purchasing an additional 2,574 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in SolarWinds in the 3rd quarter worth about $3,673,000. Finally, Villanova Investment Management Co LLC boosted its stake in SolarWinds by 42.8% in the 3rd quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock worth $1,954,000 after buying an additional 44,839 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

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.