Swiss National Bank Reduces Position in N-able, Inc. (NYSE:NABL)

Swiss National Bank trimmed its holdings in shares of N-able, Inc. (NYSE:NABL) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,850 shares of the company’s stock after selling 14,200 shares during the quarter. Swiss National Bank owned 0.07% of N-able worth $1,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in N-able by 1.0% in the third quarter. Vanguard Group Inc. now owns 8,413,158 shares of the company’s stock valued at $108,530,000 after buying an additional 80,385 shares during the last quarter. LGT Capital Partners LTD. increased its holdings in N-able by 14.0% in the fourth quarter. LGT Capital Partners LTD. now owns 530,000 shares of the company’s stock valued at $7,022,000 after buying an additional 65,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in N-able in the fourth quarter valued at about $763,000. Jump Financial LLC increased its holdings in N-able by 221.8% in the third quarter. Jump Financial LLC now owns 73,922 shares of the company’s stock valued at $954,000 after buying an additional 50,948 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in N-able in the fourth quarter valued at about $512,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on NABL shares. Royal Bank of Canada lifted their target price 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 restated a “buy” rating and issued a $16.50 target price on shares of N-able in a research note on Friday, May 17th.

N-able Stock Performance

NABL opened at $12.49 on Monday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 89.21 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.01 and a quick ratio of 3.01. N-able, Inc. has a 1-year low of $11.50 and a 1-year high of $14.99. The business has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $12.82.

N-able (NYSE:NABL) last released its earnings results on Thursday, February 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $108.42 million during the quarter, compared to the consensus estimate of $106.86 million. N-able had a return on equity of 4.38% and a net margin of 6.27%. Research analysts predict that N-able, Inc. will post 0.24 EPS for the current fiscal year.

About N-able

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.