SolarWinds (NYSE:SWI – Free Report) had its price target raised by Truist Financial from $11.00 to $13.00 in a research note published on Friday, Benzinga reports. Truist Financial currently has a hold rating on the software maker’s stock.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. started coverage on SolarWinds in a research report on Thursday, February 1st. They set a neutral rating and a $14.00 price objective on the stock. TheStreet raised shares of SolarWinds from a d+ rating to a c- rating in a research report on Wednesday, December 13th. Finally, Royal Bank of Canada boosted their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a sector perform rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $13.50.
SolarWinds Stock Up 0.8 %
Institutional Trading of SolarWinds
A number of institutional investors have recently bought and sold shares of SWI. Tower Research Capital LLC TRC raised its holdings in shares of SolarWinds by 96.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,517 shares of the software maker’s stock worth $26,000 after buying an additional 1,237 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in SolarWinds in the 2nd quarter worth $32,000. New York State Teachers Retirement System purchased a new position in SolarWinds in the 4th quarter worth $57,000. US Bancorp DE lifted its position in SolarWinds by 3,591.5% during the 1st quarter. US Bancorp DE now owns 4,762 shares of the software maker’s stock worth $64,000 after acquiring an additional 4,633 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in shares of SolarWinds in the third quarter valued at about $40,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.
SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.
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