SolarWinds (NYSE:SWI) Downgraded by Wedbush to Neutral

Wedbush has downgraded SolarWinds (NYSE:SWI) from an "outperform" to a "neutral" rating. This follows a trend as other analysts have also adjusted their price targets, with Scotiabank raising it to $15.00 and Robert W. Baird to $15.00 as well. Currently, SolarWinds shares are trading at $18.51, up 23.1%, with a market cap of $3.16 billion. Institutional investors hold 93.96% of the stock, indicating strong institutional interest in the company.

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

SolarWinds Stock is Ready to Rebound

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.

Check Out Our Latest Stock Analysis on SolarWinds

SolarWinds Trading Up 23.1 %

Here’s Where to Scale into SolarWinds NYSE: SWI Stock at Bargain Prices

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

(Get Free Report)

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.

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