6 hours Ago By ABMN Staff
Marshall Wace LLP purchased a new position in N-able, Inc. ( NYSE:NABL – Free Report ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 114,464 shares of the company’s stock, valued at approximately $1,069,000.
Marshall Wace LLP owned approximately 0.06% of N-able at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
Blue Trust Inc. raised its stake in N-able by 95.5% during the fourth quarter.
Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after purchasing an additional 1,528 shares during the period. Rhumbline Advisers raised its stake in N-able by 0.
8% during the fourth quarter. Rhumbline Advisers now owns 198,871 shares of the company’s stock worth $1,857,000 after purchasing an additional 1,586 shares during the period. Harbor Capital Advisors Inc.
raised its stake in N-able by 22.3% during the fourth quarter. Harbor Capital Advisors Inc.
now owns 15,176 shares of the company’s stock worth $142,000 after purchasing an additional 2,764 shares during the period. KBC Group NV raised its stake in N-able by 104.7% during the fourth quarter.
KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after purchasing an additional 2,808 shares during the period. Finally, Landscape Capital Management L.L.
C. raised its stake in N-able by 16.6% during the fourth quarter.
Landscape Capital Management L.L.C.
now owns 27,223 shares of the company’s stock worth $254,000 after purchasing an additional 3,877 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of equities analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of N-able in a research note on Friday, March 14th. Scotiabank boosted their price target on shares of N-able from $8.
75 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, March 14th. BMO Capital Markets reissued a “market perform” rating and issued a $8.
50 price target (down from $13.50) on shares of N-able in a research note on Tuesday, March 4th. Royal Bank of Canada reduced their price target on shares of N-able from $12.
00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.
00 price target on shares of N-able in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.38. N-able Price Performance N-able stock opened at $7.
18 on Wednesday. The company has a quick ratio of 3.01, a current ratio of 3.
01 and a debt-to-equity ratio of 0.43. N-able, Inc.
has a 52-week low of $6.07 and a 52-week high of $15.49.
The firm has a market cap of $1.36 billion, a PE ratio of 35.88 and a beta of 0.
57. The company’s 50 day moving average is $7.42 and its two-hundred day moving average is $9.
38. N-able announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 12th that authorizes the company to repurchase $75.00 million in outstanding shares.
This repurchase authorization authorizes the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
N-able Profile ( Free Report ) N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
Further Reading Want to see what other hedge funds are holding NABL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for N-able, Inc. ( NYSE:NABL – Free Report ).
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