SolarWinds (SWI) Upgraded at Zacks Investment Research

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SolarWinds (NYSE:SWI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $20.00 price target on the software maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 5.88% from the company’s current price.

According to Zacks, “SolarWinds Corporation designs and develops information technology management software. The Company offers solutions consisting of network performance monitoring, configuration, virtualization, database management, hosted logs, security and configuration. SolarWinds Corporation is based in TX, United States. “

SWI has been the subject of a number of other reports. ValuEngine upgraded SolarWinds from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. SunTrust Banks started coverage on SolarWinds in a report on Tuesday, November 13th. They set a “buy” rating and a $20.00 price objective for the company. Nomura started coverage on SolarWinds in a report on Tuesday, November 13th. They set a “buy” rating and a $24.00 price objective for the company. Robert W. Baird started coverage on SolarWinds in a report on Tuesday, November 13th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, Royal Bank of Canada started coverage on SolarWinds in a report on Tuesday, November 13th. They set an “outperform” rating and a $18.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.47.

Shares of SWI opened at $18.89 on Tuesday. The firm has a market capitalization of $5.59 billion and a price-to-earnings ratio of 33.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.16 and a quick ratio of 1.16. SolarWinds has a fifty-two week low of $12.25 and a fifty-two week high of $19.04.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, February 7th. The software maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $221.60 million for the quarter, compared to analyst estimates of $219.02 million. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts forecast that SolarWinds will post 0.79 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SWI. Fairview Capital Investment Management LLC purchased a new stake in SolarWinds during the 4th quarter worth $59,704,000. BlackRock Inc. purchased a new stake in SolarWinds during the 4th quarter worth $8,561,000. First Trust Advisors LP purchased a new stake in SolarWinds during the 4th quarter worth $3,579,000. Northern Trust Corp purchased a new stake in SolarWinds during the 4th quarter worth $2,432,000. Finally, Hsbc Holdings PLC purchased a new stake in SolarWinds during the 4th quarter worth $1,729,000. 0.05% of the stock is owned by hedge funds and other institutional investors.

SolarWinds Company Profile

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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