N-able, Inc. (NYSE:NABL) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its stake in shares of N-able, Inc. (NYSE:NABL) by 16.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,223 shares of the company’s stock after purchasing an additional 3,877 shares during the period. Landscape Capital Management L.L.C.’s holdings in N-able were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of N-able in the 4th quarter valued at $3,450,000. Applied Fundamental Research LLC raised its position in shares of N-able by 32.8% in the fourth quarter. Applied Fundamental Research LLC now owns 1,083,033 shares of the company’s stock worth $10,116,000 after acquiring an additional 267,399 shares during the period. Crescent Park Management L.P. boosted its stake in shares of N-able by 32.0% during the 4th quarter. Crescent Park Management L.P. now owns 947,984 shares of the company’s stock worth $8,854,000 after acquiring an additional 229,943 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of N-able by 86.5% during the 4th quarter. Edgestream Partners L.P. now owns 417,004 shares of the company’s stock valued at $3,895,000 after acquiring an additional 193,387 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of N-able by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 9,330,440 shares of the company’s stock valued at $87,146,000 after purchasing an additional 161,725 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Price Performance

Shares of NABL stock opened at $6.27 on Wednesday. The firm’s 50-day moving average is $8.45 and its two-hundred day moving average is $10.03. N-able, Inc. has a 12 month low of $6.21 and a 12 month high of $15.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $1.19 billion, a PE ratio of 31.36 and a beta of 0.57.

N-able announced that its board has initiated a stock repurchase program on Wednesday, March 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on NABL shares. Royal Bank of Canada dropped their price objective on N-able from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. BMO Capital Markets reissued a “market perform” rating and issued a $8.50 price target (down previously from $13.50) on shares of N-able in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of N-able in a report on Friday, March 14th. Scotiabank increased their target price on N-able from $8.75 to $9.00 and gave the company a “sector perform” rating in a report on Friday, March 14th. Finally, William Blair restated an “outperform” rating on shares of N-able in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.38.

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.