N-able, Inc. (NYSE:NABL) Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of N-able, Inc. (NYSE:NABL - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,529,875 shares of the company's stock after acquiring an additional 179,305 shares during the quarter. Dimensional Fund Advisors LP owned 1.90% of N-able worth $32,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in 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 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% in the fourth 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 period. Legal & General Group Plc increased its holdings in shares of N-able by 9.3% during the 4th quarter. Legal & General Group Plc now owns 1,074,348 shares of the company's stock worth $10,034,000 after purchasing an additional 91,613 shares during the period. Crescent Park Management L.P. raised its holdings in N-able by 32.0% in the 4th quarter. Crescent Park Management L.P. now owns 947,984 shares of the company's stock valued at $8,854,000 after acquiring an additional 229,943 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of N-able by 23.3% in the 4th quarter. Renaissance Technologies LLC now owns 693,417 shares of the company's stock worth $6,477,000 after acquiring an additional 131,117 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NABL has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of N-able in a research note on Monday. BMO Capital Markets reaffirmed a "market perform" rating and set a $8.50 price objective (down from $13.50) on shares of N-able in a report on Tuesday, March 4th. Royal Bank of Canada decreased their target price on shares of N-able from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Scotiabank increased their price target on shares of 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 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 has a consensus rating of "Moderate Buy" and an average target price of $9.38.

N-able Stock Up 0.1 %

NABL opened at $7.17 on Tuesday. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $15.49. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 35.83 and a beta of 0.57. The firm's 50-day simple moving average is $7.17 and its 200-day simple moving average is $9.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

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

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