Strs Ohio Acquires 21,900 Shares of N-able, Inc. (NYSE:NABL)

Strs Ohio grew its holdings in shares of N-able, Inc. (NYSE:NABL) by 69.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 53,300 shares of the company’s stock after acquiring an additional 21,900 shares during the period. Strs Ohio’s holdings in N-able were worth $706,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of N-able during the third quarter valued at $73,000. Robeco Institutional Asset Management B.V. bought a new position in shares of N-able during the third quarter valued at $103,000. Harbor Capital Advisors Inc. increased its position in shares of N-able by 25.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,578 shares of the company’s stock worth $180,000 after buying an additional 2,744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of N-able by 19.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,637 shares of the company’s stock worth $176,000 after buying an additional 2,260 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of N-able during the third quarter worth $178,000. Institutional investors own 96.35% of the company’s stock.

N-able Trading Down 0.9 %

NYSE:NABL opened at $12.22 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 101.84 and a beta of 0.38. The firm has a fifty day simple moving average of $12.91 and a two-hundred day simple moving average of $12.89. N-able, Inc. has a 12 month low of $11.50 and a 12 month high of $15.44.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $108.42 million during the quarter, compared to analysts’ expectations of $106.86 million. N-able had a net margin of 5.55% and a return on equity of 4.20%. Analysts expect that N-able, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NABL. Needham & Company LLC reiterated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Thursday, February 22nd. Royal Bank of Canada increased their price objective on shares of N-able from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd.

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.