Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,835 Shares of N-able, Inc. (NYSE:NABL)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in N-able, Inc. (NYSE:NABL) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,472 shares of the company’s stock after purchasing an additional 4,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in N-able were worth $245,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of N-able by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,413,158 shares of the company’s stock worth $108,530,000 after purchasing an additional 80,385 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in N-able by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,504 shares of the company’s stock worth $7,166,000 after purchasing an additional 36,624 shares during the period. LGT Capital Partners LTD. lifted its holdings in shares of N-able by 14.0% in the fourth quarter. LGT Capital Partners LTD. now owns 530,000 shares of the company’s stock worth $7,022,000 after buying an additional 65,000 shares in the last quarter. CenterBook Partners LP boosted its position in shares of N-able by 11.9% during the third quarter. CenterBook Partners LP now owns 342,449 shares of the company’s stock worth $4,418,000 after acquiring an additional 36,327 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in N-able by 2.1% in the 3rd quarter. Rhumbline Advisers now owns 205,344 shares of the company’s stock valued at $2,649,000 after acquiring an additional 4,130 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

NABL has been the subject of a number of research reports. Royal Bank of Canada increased their price target on N-able from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $16.50 target price on shares of N-able in a research report on Thursday, February 22nd.

N-able Stock Performance

Shares of N-able stock opened at $12.71 on Tuesday. The stock’s fifty day moving average is $12.81 and its two-hundred day moving average is $12.86. The company has a market capitalization of $2.35 billion, a PE ratio of 105.92 and a beta of 0.40. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.47. N-able, Inc. has a 52 week low of $11.50 and a 52 week high of $15.44.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. N-able had a return on equity of 4.20% and a net margin of 5.55%. The company had revenue of $108.42 million for the quarter, compared to the consensus estimate of $106.86 million. As a group, analysts expect that N-able, Inc. will post 0.25 earnings per share for the current year.

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.