SolarWinds (NYSE:SWI) Stock Price Up 3.6%

SolarWinds Co. (NYSE:SWIGet Free Report) shares shot up 3.6% during mid-day trading on Tuesday . The stock traded as high as $12.49 and last traded at $12.48. 255,013 shares traded hands during trading, a decline of 42% from the average session volume of 442,027 shares. The stock had previously closed at $12.05.

Analyst Ratings Changes

Several brokerages have recently issued reports on SWI. JPMorgan Chase & Co. began coverage on shares of SolarWinds in a report on Thursday, February 1st. They set a “neutral” rating and a $14.00 price target for the company. Royal Bank of Canada boosted their price target on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Robert W. Baird boosted their price target on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, Truist Financial began coverage on shares of SolarWinds in a report on Wednesday, March 6th. They set a “hold” rating and a $13.00 price target for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds presently has a consensus rating of “Hold” and an average target price of $13.80.

View Our Latest Stock Report on SolarWinds

SolarWinds Stock Up 3.7 %

The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 178.14 and a beta of 0.97. The firm’s fifty day moving average is $11.68 and its two-hundred day moving average is $11.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71.

SolarWinds Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd.

Institutional Investors Weigh In On SolarWinds

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in SolarWinds by 118.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock valued at $52,000 after acquiring an additional 2,957 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in SolarWinds in the 4th quarter valued at about $57,000. Ameritas Investment Partners Inc. acquired a new stake in SolarWinds in the 1st quarter valued at about $62,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SolarWinds by 185.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock valued at $84,000 after acquiring an additional 5,793 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in SolarWinds in the 3rd quarter valued at about $103,000. 93.96% of the stock is owned by institutional investors and hedge funds.

About SolarWinds

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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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