N-able, Inc. (NYSE:NABL) Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in N-able, Inc. (NYSE:NABL) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,472 shares of the company’s stock after buying an additional 4,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in N-able were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of N-able in the fourth quarter valued at $763,000. Jump Financial LLC increased its holdings in shares of 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 in the last quarter. Quadrature Capital Ltd increased its holdings in shares of N-able by 91.3% in the third quarter. Quadrature Capital Ltd now owns 21,433 shares of the company’s stock valued at $276,000 after buying an additional 10,229 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of N-able in the third quarter valued at $178,000. Institutional investors own 96.35% of the company’s stock.

N-able Stock Performance

Shares of NABL opened at $12.71 on Tuesday. The company has a market capitalization of $2.35 billion, a PE ratio of 105.92 and a beta of 0.40. N-able, Inc. has a one year low of $11.50 and a one year high of $15.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.75 and a quick ratio of 2.75. The company’s fifty day moving average price is $12.81 and its 200 day moving average price is $12.86.

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

Analyst Upgrades and Downgrades

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

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.