SolarWinds Price Target Increased to $18.50 by Robert W. Baird

On February 11, 2025, SolarWinds (NYSE:SWI) received an updated price target from Robert W. Baird, raising it from $15.00 to $18.50. This adjustment was noted in a research report published on Monday, indicating that the brokerage maintains a neutral rating on the software company's stock.

In addition, other financial analysts have recently made adjustments to their predictions for SolarWinds. The Royal Bank of Canada raised its price target from $13.00 to $16.00, while assigning a "sector perform" rating in a report dated January 21st. Similarly, Scotiabank also increased their price target for SolarWinds from $13.00 to $15.00, maintaining a "sector perform" rating on the same date. Conversely, Wedbush downgraded shares of SolarWinds from an "outperform" rating to "neutral" and lowered their price target from $20.00 to $18.50 in a report issued last Friday. Currently, five analysts have assigned hold ratings to the stock, and data from MarketBeat shows that SolarWinds has an average rating of "Hold" with a consensus price target of $18.00.

SolarWinds Stock Overview

As of Monday, SolarWinds stock opened at $18.31. The company's market capitalization stands at $3.12 billion, with a PE ratio of 83.21 and a beta of 0.94. Over the past year, the stock has seen a low of $10.14 and a high of $18.55. SolarWinds also has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $13.39. Financial stability indicators include a quick ratio of 0.71, a current ratio of 0.71, and a debt-to-equity ratio of 0.88.

Institutional Investment in SolarWinds

Hedge funds and other institutional investors have been active in adjusting their positions in SolarWinds. Notably, Fisher Asset Management LLC acquired a new stake valued at $13,886,000 in the fourth quarter. State Street Corp significantly increased its holdings in the company by 57.5% during the third quarter, now owning 2,193,026 shares worth approximately $28,619,000 after purchasing an additional 800,467 shares. Venturi Wealth Management LLC and Great Lakes Advisors LLC also made significant investments in SolarWinds in the fourth quarter, valued at $7,446,000 and $5,147,000 respectively. Furthermore, Principal Financial Group Inc. got a new position worth about $3,673,000 in the third quarter. Overall, institutional investors hold 93.96% of the company's stock, indicating significant confidence in SolarWinds among major market players.

About SolarWinds

SolarWinds Corporation focuses on delivering IT management software products both in the United States and internationally. The company offers a variety of network management software that provides real-time insights into network usage and bandwidth. It also includes tools for diagnosing and resolving network performance issues. Additionally, SolarWinds delivers a suite of infrastructure management products that monitor and analyze applications and their supporting infrastructure, encompassing servers, databases, storage, and various cloud environments.

SolarWinds, Stock, Investment