N-able, Inc. (NYSE:NABL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of N-able, Inc. (NYSE:NABL) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,655 shares of the company’s stock after selling 3,873 shares during the period. New York State Teachers Retirement System’s holdings in N-able were worth $193,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NABL. Entropy Technologies LP acquired a new position in shares of N-able in the 3rd quarter valued at $149,000. Aigen Investment Management LP lifted its stake in shares of N-able by 38.4% in the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after purchasing an additional 3,863 shares during the period. Victory Capital Management Inc. lifted its stake in shares of N-able by 14.4% in the 3rd quarter. Victory Capital Management Inc. now owns 55,497 shares of the company’s stock valued at $725,000 after purchasing an additional 7,000 shares during the period. MQS Management LLC acquired a new position in shares of N-able in the 3rd quarter valued at $330,000. Finally, Quest Partners LLC lifted its stake in shares of N-able by 91.4% in the 3rd quarter. Quest Partners LLC now owns 67,217 shares of the company’s stock valued at $878,000 after purchasing an additional 32,094 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NABL. Royal Bank of Canada decreased their target price on shares of N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Scotiabank reduced their price objective on shares of N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Friday, November 22nd. Finally, BMO Capital Markets reduced their price objective on shares of N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Friday, November 8th.

N-able Stock Performance

NYSE:NABL opened at $10.25 on Tuesday. N-able, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $15.48. The stock has a market capitalization of $1.90 billion, a PE ratio of 51.23 and a beta of 0.42. The company has a fifty day moving average of $9.64 and a two-hundred day moving average of $11.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

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.