SolarWinds (NYSE:SWI) Downgraded to 'Neutral' by Wedbush

On February 10, 2025, Wedbush announced a downgrade for SolarWinds (NYSE:SWI) from an outperform rating to a neutral rating in a recent research note. The firm has set a new price target of $18.50 for the software company, a decrease from the previous target of $20.00.

Recent Analysts Ratings for SolarWinds

SolarWinds has been under the spotlight with various analysts recently reviewing its stock. For instance, Robert W. Baird raised its target price for SolarWinds from $14.00 to $15.00 while maintaining a “neutral” rating as of November 1st, 2024. Similarly, Royal Bank of Canada adjusted their price objective upward from $13.00 to $16.00, assigning it a “sector perform” rating on January 21st, 2025. Scotiabank also increased its target price from $13.00 to $15.00, giving the stock a “sector perform” rating the same day. Currently, five analysts have given the stock a hold rating, resulting in an average rating of "Hold" and an average price target of $15.50 according to MarketBeat.com.

Current Stock Performance

As of Friday, SWI shares opened at $18.34. The stock has experienced a 52-week low of $10.14 and a high of $18.55. In terms of its financial ratios, the company shows a quick ratio of 0.71, a current ratio of 0.71, and a debt-to-equity ratio of 0.88. With a market capitalization of $3.13 billion, SolarWinds has a P/E ratio of 83.37 and a beta of 0.94. Additionally, the stock has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $13.35.

Institutional Interest in SolarWinds

Recently, institutional investors have made some notable moves regarding SolarWinds shares. Fisher Asset Management LLC acquired a new stake in the software company valued at approximately $13,886,000 in the fourth quarter. Meanwhile, State Street Corp increased its stake by 57.5% in the third quarter, bringing their total holdings to 2,193,026 shares valued at around $28,619,000, after buying an additional 800,467 shares. Other institutional investors like Venturi Wealth Management LLC and Principal Financial Group Inc. also made new investments in SolarWinds during the fourth and third quarters, respectively. Currently, hedge funds and institutional investors own about 93.96% of the company's stock.

About SolarWinds Corporation

SolarWinds Corporation specializes in providing IT management software solutions both in the United States and globally. Their software suite includes network management tools that offer real-time visibility into network usage and the ability to detect and resolve network performance issues. They also provide infrastructure management products that monitor and analyze the performance of various applications and their infrastructure, which includes servers, storage systems, as well as physical, virtual, and cloud infrastructure.

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