SolarWinds (NYSE:SWI) Sets New 52-Week Low at $9.85

SolarWinds Co. (NYSE:SWI)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $9.85 and last traded at $10.05, with a volume of 13068 shares. The stock had previously closed at $16.92.

Several brokerages have weighed in on SWI. Morgan Stanley lifted their price objective on shares of SolarWinds from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 24th. Zacks Investment Research downgraded SolarWinds from a “buy” rating to a “hold” rating in a research report on Friday, June 25th. Finally, The Goldman Sachs Group assumed coverage on SolarWinds in a research report on Friday, May 14th. They set a “sell” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.45.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day moving average price is $16.62. The firm has a market cap of $3.44 billion, a PE ratio of 22.67 and a beta of 1.00.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. SolarWinds had a return on equity of 8.93% and a net margin of 14.65%. The firm had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $255.96 million. On average, sell-side analysts predict that SolarWinds Co. will post 0.76 earnings per share for the current year.

In other SolarWinds news, insider Jason Bliss sold 24,339 shares of the company’s stock in a transaction dated Tuesday, May 18th. The stock was sold at an average price of $16.39, for a total value of $398,916.21. Following the completion of the transaction, the insider now owns 782,835 shares of the company’s stock, valued at approximately $12,830,665.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in SolarWinds during the 4th quarter worth approximately $233,281,000. Southpoint Capital Advisors LP acquired a new stake in SolarWinds during the 1st quarter worth approximately $61,040,000. Vaughan Nelson Investment Management L.P. boosted its position in SolarWinds by 142.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,757,164 shares of the software maker’s stock worth $30,645,000 after buying an additional 1,031,653 shares during the period. Norges Bank acquired a new stake in SolarWinds during the 4th quarter worth approximately $11,075,000. Finally, AQR Capital Management LLC boosted its position in SolarWinds by 307.4% during the 1st quarter. AQR Capital Management LLC now owns 919,198 shares of the software maker’s stock worth $16,022,000 after buying an additional 693,565 shares during the period. 95.92% of the stock is owned by institutional investors.

SolarWinds Company Profile (NYSE:SWI)

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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