Blue Trust Inc. Boosts Stake in N-able, Inc. (NYSE:NABL)

Blue Trust Inc. raised its stake in N-able, Inc. (NYSE:NABL) by 95.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,128 shares of the company’s stock after buying an additional 1,528 shares during the period. Blue Trust Inc.’s holdings in N-able were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in N-able by 22.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 15,176 shares of the company’s stock valued at $142,000 after buying an additional 2,764 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in N-able by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 42,369 shares of the company’s stock valued at $645,000 after acquiring an additional 3,662 shares in the last quarter. Aigen Investment Management LP increased its holdings in N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after buying an additional 3,863 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of N-able by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 141,622 shares of the company’s stock valued at $1,323,000 after buying an additional 5,823 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of N-able by 2.7% in the third quarter. Janus Henderson Group PLC now owns 253,481 shares of the company’s stock valued at $3,310,000 after purchasing an additional 6,570 shares during the period. 96.35% of the stock is owned by institutional investors.

N-able Stock Performance

Shares of NABL opened at $9.99 on Tuesday. The company has a 50-day simple moving average of $9.69 and a 200-day simple moving average of $11.42. The company has a market capitalization of $1.86 billion, a PE ratio of 49.97 and a beta of 0.42. N-able, Inc. has a 52-week low of $8.91 and a 52-week high of $15.48. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NABL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 target price on shares of N-able in a research note on Friday, November 22nd. Scotiabank reduced their price target on shares of N-able from $11.20 to $11.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets decreased their price target on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Friday, November 8th. Finally, Royal Bank of Canada reduced their price objective on N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st.

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.