Jefferies Financial Group Raises SolarWinds (SWI) Price Target to $23.00

SolarWinds (NYSE:SWI) had its price objective lifted by Jefferies Financial Group from $21.00 to $23.00 in a research report report published on Thursday, The Fly reports. Jefferies Financial Group currently has a buy rating on the software maker’s stock.

Several other analysts have also recently commented on SWI. Zacks Investment Research cut SolarWinds from a buy rating to a hold rating in a research report on Thursday, April 11th. Goldman Sachs Group cut SolarWinds from a buy rating to a neutral rating and set a $20.00 price objective for the company. in a research report on Monday, March 18th. Barclays reissued a hold rating and set a $18.00 price objective on shares of SolarWinds in a research report on Sunday, February 10th. Finally, ValuEngine raised SolarWinds from a hold rating to a buy rating in a research report on Thursday, January 31st. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $19.40.

Shares of SolarWinds stock opened at $19.51 on Thursday. The firm has a market capitalization of $6.05 billion and a PE ratio of 34.23. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. SolarWinds has a 12 month low of $12.25 and a 12 month high of $21.22.

SolarWinds (NYSE:SWI) last issued its earnings results on Wednesday, April 24th. The software maker reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $216.00 million during the quarter, compared to analyst estimates of $216.54 million. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that SolarWinds will post 0.81 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HarbourVest Partners LLC bought a new position in SolarWinds during the fourth quarter valued at about $115,155,000. Fairview Capital Investment Management LLC bought a new position in SolarWinds during the fourth quarter valued at about $59,704,000. Norges Bank bought a new position in SolarWinds during the fourth quarter valued at about $25,733,000. FMR LLC bought a new position in SolarWinds during the fourth quarter valued at about $25,193,000. Finally, Principal Financial Group Inc. bought a new position in SolarWinds during the fourth quarter valued at about $16,349,000. 95.04% 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 to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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