Charles Schwab Investment Management Inc. grew its holdings in shares of N-able, Inc. (NYSE:NABL – Free Report) by 7.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555,504 shares of the company’s stock after purchasing an additional 36,624 shares during the period. Charles Schwab Investment Management Inc.’s holdings in N-able were worth $7,166,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NABL. Swiss National Bank increased its stake in N-able by 7.1% during the 1st quarter. Swiss National Bank now owns 105,750 shares of the company’s stock valued at $962,000 after buying an additional 7,000 shares during the period. JPMorgan Chase & Co. increased its stake in shares of N-able by 41.5% during the first quarter. JPMorgan Chase & Co. now owns 54,388 shares of the company’s stock valued at $495,000 after acquiring an additional 15,943 shares during the period. Natixis Advisors L.P. increased its stake in shares of N-able by 15.1% during the first quarter. Natixis Advisors L.P. now owns 218,396 shares of the company’s stock valued at $1,987,000 after acquiring an additional 28,679 shares during the period. BlackRock Inc. increased its stake in shares of N-able by 13.2% during the first quarter. BlackRock Inc. now owns 2,656,901 shares of the company’s stock valued at $24,177,000 after acquiring an additional 310,465 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of N-able by 53.1% during the first quarter. Dimensional Fund Advisors LP now owns 690,366 shares of the company’s stock valued at $6,283,000 after acquiring an additional 239,546 shares during the period. 97.34% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NABL shares. BMO Capital Markets lowered their price target on N-able from $15.00 to $14.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 14th. Royal Bank of Canada lifted their target price on N-able from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price objective on shares of N-able in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of N-able from $15.00 to $14.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 14th.
N-able Trading Down 1.2 %
NYSE:NABL opened at $13.31 on Friday. The stock has a fifty day simple moving average of $13.28 and a 200 day simple moving average of $13.00. The company has a quick ratio of 2.56, a current ratio of 2.75 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 110.93 and a beta of 0.39. N-able, Inc. has a 1-year low of $11.44 and a 1-year high of $15.44.
N-able Company Profile
N-able, Inc provides cloud-based software solutions for managed service providers. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
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