Marshall Wace LLP Acquires Shares of 114,464 N-able, Inc. (NYSE:NABL)

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

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in N-able by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 9,330,440 shares of the company's stock valued at $87,146,000 after buying an additional 161,725 shares during the last quarter. Applied Fundamental Research LLC boosted its position in shares of N-able by 32.8% during the 4th quarter. Applied Fundamental Research LLC now owns 1,083,033 shares of the company's stock valued at $10,116,000 after acquiring an additional 267,399 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of N-able by 9.3% in the fourth quarter. Legal & General Group Plc now owns 1,074,348 shares of the company's stock valued at $10,034,000 after purchasing an additional 91,613 shares in the last quarter. Crescent Park Management L.P. grew its holdings in shares of N-able by 32.0% in the fourth quarter. Crescent Park Management L.P. now owns 947,984 shares of the company's stock valued at $8,854,000 after purchasing an additional 229,943 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in N-able by 23.3% during the fourth quarter. Renaissance Technologies LLC now owns 693,417 shares of the company's stock valued at $6,477,000 after purchasing an additional 131,117 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NABL. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of N-able in a research note on Monday. BMO Capital Markets reiterated 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. Scotiabank boosted their price objective on N-able from $8.75 to $9.00 and gave the stock a "sector perform" rating in a research note on Friday, March 14th. Royal Bank of Canada lowered their price objective on N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. Finally, William Blair reissued an "outperform" rating on shares of N-able in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.38.

N-able Trading Up 0.5 %

Shares of NYSE:NABL traded up $0.03 during trading hours on Monday, hitting $7.19. 56,142 shares of the company's stock traded hands, compared to its average volume of 715,082. The firm has a market capitalization of $1.36 billion, a P/E ratio of 35.93 and a beta of 0.57. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $9.24. N-able, Inc. has a 1 year low of $6.07 and a 1 year high of $15.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01.

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

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.