N-able, Inc. (NYSE:NABL) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in shares of N-able, Inc. (NYSE:NABL) by 196.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,319 shares of the company’s stock after buying an additional 27,404 shares during the quarter. Aigen Investment Management LP’s holdings in N-able were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in N-able by 19.5% during the fourth quarter. Victory Capital Management Inc. now owns 66,314 shares of the company’s stock worth $619,000 after buying an additional 10,817 shares during the period. Bank of New York Mellon Corp grew its position in N-able by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 487,320 shares of the company’s stock worth $4,552,000 after buying an additional 16,253 shares during the period. Principal Financial Group Inc. grew its position in N-able by 4.1% during the fourth quarter. Principal Financial Group Inc. now owns 381,903 shares of the company’s stock worth $3,567,000 after buying an additional 15,154 shares during the period. Rhumbline Advisers grew its position in N-able by 0.8% during the fourth 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. Finally, Conestoga Capital Advisors LLC acquired a new position in N-able during the fourth quarter worth about $1,006,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Stock Down 1.4 %

NABL stock opened at $7.36 on Friday. The company’s 50 day simple moving average is $9.48 and its 200-day simple moving average is $10.96. The firm has a market capitalization of $1.37 billion, a PE ratio of 36.78 and a beta of 0.41. N-able, Inc. has a 12 month low of $6.75 and a 12 month high of $15.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01.

Analyst Ratings Changes

Several brokerages have weighed in on NABL. BMO Capital Markets restated 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. Scotiabank lowered their price target on shares of N-able from $11.00 to $8.75 and set a “sector perform” rating on the stock in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of N-able from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC lowered their price target on shares of N-able from $16.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd.

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.