103,412 Shares in N-able, Inc. (NYSE:NABL) Purchased by Topline Capital Management LLC

Topline Capital Management LLC purchased a new stake in shares of N-able, Inc. (NYSE:NABL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 103,412 shares of the company's stock, valued at approximately $966,000. Topline Capital Management LLC owned about 0.06% of N-able at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in shares of N-able by 67.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock valued at $30,000 after purchasing an additional 1,309 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of N-able by 95.5% during the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company's stock worth $29,000 after buying an additional 1,528 shares in the last quarter. Rhumbline Advisers grew its position in shares of N-able by 0.8% during the 4th quarter. Rhumbline Advisers now owns 198,871 shares of the company's stock worth $1,857,000 after buying an additional 1,586 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of N-able by 22.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,176 shares of the company's stock valued at $142,000 after acquiring an additional 2,764 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of N-able by 104.7% during the 4th quarter. KBC Group NV now owns 5,490 shares of the company's stock valued at $51,000 after acquiring an additional 2,808 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Scotiabank raised their price target on shares of N-able from $8.75 to $9.00 and gave the stock a "sector perform" rating in a report on Friday, March 14th. William Blair reaffirmed an "outperform" rating on shares of N-able in a research report on Friday, March 14th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of N-able in a research note on Friday, March 14th. BMO Capital Markets reaffirmed a "market perform" rating and set a $8.50 target price (down from $13.50) on shares of N-able in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reduced their price target on shares of N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.38.

N-able Stock Up 4.3 %

NYSE NABL traded up $0.29 on Friday, reaching $7.00. The company had a trading volume of 862,932 shares, compared to its average volume of 707,131. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The company's fifty day moving average is $7.53 and its 200 day moving average is $9.43. N-able, Inc. has a 52-week low of $6.07 and a 52-week high of $15.49. The stock has a market capitalization of $1.32 billion, a P/E ratio of 35.00 and a beta of 0.57.

N-able declared that its board has approved a stock buyback program on Wednesday, March 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.