SolarWinds (SWI) Sets New 52-Week High at $19.06

SolarWinds Corp (NYSE:SWI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.06 and last traded at $18.75, with a volume of 3783 shares changing hands. The stock had previously closed at $18.89.

Several equities analysts recently issued reports on SWI shares. Nomura started coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They set a “buy” rating and a $24.00 price objective on the stock. SunTrust Banks started coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup started coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They set a “buy” rating and a $20.00 price objective on the stock. Jefferies Financial Group started coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Goldman Sachs Group started coverage on shares of SolarWinds in a research note on Tuesday, November 13th. They set a “buy” rating and a $23.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.47.

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The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $5.90 billion and a price-to-earnings ratio of 33.37.

SolarWinds (NYSE:SWI) last posted its quarterly earnings results on Thursday, February 7th. The software maker reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $221.60 million for the quarter, compared to analysts’ expectations of $219.02 million. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that SolarWinds Corp will post 0.8 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of SolarWinds in the 4th quarter valued at $41,000. NumerixS Investment Technologies Inc purchased a new position in shares of SolarWinds in the 4th quarter valued at $96,000. Public Employees Retirement System of Ohio purchased a new position in shares of SolarWinds in the 4th quarter valued at $101,000. Rhumbline Advisers purchased a new position in shares of SolarWinds in the 4th quarter valued at $292,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of SolarWinds in the 4th quarter valued at $367,000. 0.05% of the stock is currently owned by institutional investors and hedge funds.

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SolarWinds Company Profile (NYSE:SWI)

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.

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