Marshall Wace LLP Buys New Holdings in N-able, Inc. (NYSE:NABL)

Marshall Wace LLP purchased a new stake in N-able, Inc. (NYSE:NABL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 114,464 shares of the company's stock, valued at approximately $1,069,000. Marshall Wace LLP owned 0.06% of N-able as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of N-able by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 9,330,440 shares of the company's stock worth $87,146,000 after acquiring an additional 161,725 shares in the last quarter. Crescent Park Management L.P. increased its stake in N-able by 32.0% during the 4th quarter. Crescent Park Management L.P. now owns 947,984 shares of the company's stock worth $8,854,000 after purchasing an additional 229,943 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in N-able by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 487,320 shares of the company's stock valued at $4,552,000 after buying an additional 16,253 shares in the last quarter. Barclays PLC boosted its holdings in shares of N-able by 398.2% in the third quarter. Barclays PLC now owns 143,095 shares of the company's stock valued at $1,869,000 after buying an additional 114,374 shares during the period. Finally, Conestoga Capital Advisors LLC bought a new stake in shares of N-able during the fourth quarter worth $1,006,000. Institutional investors own 96.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NABL. BMO Capital Markets reaffirmed a "market perform" rating and issued a $8.50 price objective (down from $13.50) on shares of N-able in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their price objective on N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of N-able in a research report on Friday, March 14th. Scotiabank upped their price target on N-able from $8.75 to $9.00 and gave the stock a "sector perform" rating in a research report on Friday, March 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of N-able in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.38.

N-able Stock Up 1.0 %

NABL traded up $0.07 on Friday, hitting $7.14. 708,608 shares of the company were exchanged, compared to its average volume of 716,152. The stock's fifty day moving average is $7.23 and its 200-day moving average is $9.29. N-able, Inc. has a 12 month low of $6.07 and a 12 month high of $15.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $1.35 billion, a PE ratio of 35.70 and a beta of 0.57.

N-able declared that its Board of Directors has authorized a share buyback program on Wednesday, March 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

N-able 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.