N-able, Inc. (NYSE:NABL) Shares Acquired by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its position in N-able, Inc. (NYSE:NABL) by 14.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 530,000 shares of the company’s stock after acquiring an additional 65,000 shares during the quarter. LGT Capital Partners LTD.’s holdings in N-able were worth $7,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NABL. Price T Rowe Associates Inc. MD raised its stake in N-able by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,081 shares of the company’s stock valued at $411,000 after acquiring an additional 843 shares during the last quarter. Tudor Investment Corp Et Al lifted its stake in shares of N-able by 0.7% in the 3rd quarter. Tudor Investment Corp Et Al now owns 157,395 shares of the company’s stock worth $2,030,000 after acquiring an additional 1,067 shares during the period. UBS Group AG boosted its holdings in shares of N-able by 1.8% in the third quarter. UBS Group AG now owns 68,256 shares of the company’s stock valued at $881,000 after acquiring an additional 1,195 shares in the last quarter. Swiss National Bank increased its stake in shares of N-able by 1.0% during the third quarter. Swiss National Bank now owns 140,050 shares of the company’s stock worth $1,807,000 after acquiring an additional 1,400 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of N-able by 63.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,646 shares of the company’s stock valued at $53,000 after buying an additional 1,418 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NABL. Royal Bank of Canada raised their price objective on N-able from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Thursday, February 22nd.

N-able Trading Up 0.4 %

NYSE NABL opened at $13.07 on Friday. N-able, Inc. has a 52 week low of $11.50 and a 52 week high of $15.44. The stock has a market cap of $2.41 billion, a P/E ratio of 108.93 and a beta of 0.39. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $13.24 and its 200-day simple moving average is $12.98.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. N-able had a return on equity of 4.20% and a net margin of 5.55%. The company had revenue of $108.42 million for the quarter, compared to the consensus estimate of $106.86 million. Equities research analysts predict that N-able, Inc. will post 0.25 EPS for the current fiscal year.

About N-able

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.