Harbor Capital Advisors Inc. Raises Position in N-able, Inc. (NYSE:NABL)

Harbor Capital Advisors Inc. boosted its position in shares of N-able, Inc. (NYSE:NABL) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,176 shares of the company’s stock after acquiring an additional 2,764 shares during the period. Harbor Capital Advisors Inc.’s holdings in N-able were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NABL. Scalar Gauge Management LLC purchased a new stake in shares of N-able during the 2nd quarter worth approximately $10,650,000. Applied Fundamental Research LLC raised its holdings in shares of N-able by 438.6% in the 3rd quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock valued at $10,652,000 after purchasing an additional 664,198 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in N-able by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company’s stock valued at $47,427,000 after purchasing an additional 371,013 shares in the last quarter. Sea Cliff Partners Management LP grew its holdings in N-able by 11.8% in the second quarter. Sea Cliff Partners Management LP now owns 2,146,965 shares of the company’s stock worth $32,698,000 after purchasing an additional 226,532 shares during the last quarter. Finally, 272 Capital LP acquired a new position in N-able during the 2nd quarter valued at about $2,988,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NABL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.50 price target on shares of N-able in a report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $15.00 price target on shares of N-able in a research note on Thursday, November 21st. BMO Capital Markets reduced their price objective on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Friday, November 8th. Finally, Scotiabank upgraded shares of N-able to a “hold” rating in a research note on Friday, December 6th.

N-able Stock Up 0.9 %

NABL stock opened at $9.16 on Thursday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $10.11 and a two-hundred day moving average of $12.07. N-able, Inc. has a 12 month low of $8.91 and a 12 month high of $15.48. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 45.80 and a beta of 0.41.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $114.75 million. N-able had a net margin of 8.08% and a return on equity of 6.31%. N-able’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

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.