Janus Henderson Group PLC Purchases 97,147 Shares of N-able, Inc. (NYSE:NABL)

Janus Henderson Group PLC raised its holdings in shares of N-able, Inc. (NYSE:NABL - Free Report) by 38.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350,628 shares of the company's stock after buying an additional 97,147 shares during the period. Janus Henderson Group PLC owned about 0.19% of N-able worth $3,275,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in N-able by 67.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after buying an additional 1,309 shares in the last quarter. Blue Trust Inc. lifted its position in shares of N-able by 95.5% in the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company's stock valued at $29,000 after acquiring an additional 1,528 shares in the last quarter. Rhumbline Advisers lifted its position in shares of N-able by 0.8% in the 4th quarter. Rhumbline Advisers now owns 198,871 shares of the company's stock valued at $1,857,000 after acquiring an additional 1,586 shares in the last quarter. KBC Group NV lifted its position in shares of N-able by 104.7% in the 4th quarter. KBC Group NV now owns 5,490 shares of the company's stock valued at $51,000 after acquiring an additional 2,808 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of N-able in the 4th quarter valued at approximately $29,000. 96.35% of the stock is currently owned by institutional investors.

N-able Stock Down 0.5%

NABL stock traded down $0.04 during midday trading on Friday, reaching $7.73. The company had a trading volume of 995,441 shares, compared to its average volume of 773,943. N-able, Inc. has a 1 year low of $6.07 and a 1 year high of $15.49. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.46 billion, a P/E ratio of 38.63 and a beta of 0.57. The company has a 50 day moving average of $7.17 and a two-hundred day moving average of $8.75.

N-able (NYSE:NABL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. N-able had a net margin of 8.08% and a return on equity of 6.31%. The company had revenue of $118.20 million during the quarter, compared to the consensus estimate of $115.65 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

N-able announced that its board has initiated a share repurchase program on Wednesday, March 12th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NABL has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of N-able in a research report on Friday, March 14th. Scotiabank upped 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 report on Friday, March 14th. BMO Capital Markets restated a "market perform" rating and issued a $8.50 price target (down previously from $13.50) on shares of N-able in a research report on Tuesday, March 4th. Needham & Company LLC restated a "buy" rating and issued a $10.00 price target on shares of N-able in a research report on Monday, May 5th. Finally, Royal Bank of Canada reduced their price target on shares of N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.38.

N-able Company Profile

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.