Louisiana State Employees Retirement System Invests $461,000 in N-able, Inc. (NYSE:NABL)

Louisiana State Employees Retirement System bought a new stake in N-able, Inc. (NYSE:NABL) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 34,800 shares of the company’s stock, valued at approximately $461,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position 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 purchasing an additional 80,385 shares during the last quarter. LGT Capital Partners LTD. increased its position in N-able by 14.0% in the 4th quarter. LGT Capital Partners LTD. now owns 530,000 shares of the company’s stock worth $7,022,000 after buying an additional 65,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of N-able during the fourth quarter worth approximately $763,000. Jump Financial LLC boosted its position 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 acquiring an additional 50,948 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of N-able in the third quarter valued at approximately $487,000. Institutional investors own 96.35% of the company’s stock.

N-able Stock Down 0.1 %

Shares of NABL stock opened at $12.39 on Tuesday. 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 stock has a fifty day moving average price of $12.87 and a 200 day moving average price of $12.87. The stock has a market cap of $2.29 billion, a P/E ratio of 103.26 and a beta of 0.38.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. N-able had a net margin of 5.55% and a return on equity of 4.20%. The company had revenue of $108.42 million during the quarter, compared to analysts’ expectations of $106.86 million. Analysts predict that N-able, Inc. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

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

N-able 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.