Ubiquiti (NYSE:UI – Get Rating) had its target price lowered by stock analysts at Barclays from $266.00 to $207.00 in a research note issued on Sunday, The Fly reports. Barclays‘s target price suggests a potential upside of 7.59% from the company’s previous close.
Separately, StockNews.com began coverage on Ubiquiti in a research report on Thursday, March 16th. They set a “hold” rating for the company.
Ubiquiti Trading Down 4.5 %
Shares of NYSE:UI opened at $192.40 on Friday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 29.33 and a beta of 1.27. Ubiquiti has a 1-year low of $192.09 and a 1-year high of $350.63. The business has a 50-day moving average price of $254.00 and a two-hundred day moving average price of $270.05.
Institutional Trading of Ubiquiti
Several large investors have recently modified their holdings of the stock. Bridgewater Associates LP acquired a new stake in Ubiquiti in the first quarter valued at about $10,124,000. Jane Street Group LLC raised its position in shares of Ubiquiti by 115.8% during the second quarter. Jane Street Group LLC now owns 4,705 shares of the company’s stock worth $1,168,000 after acquiring an additional 34,535 shares during the last quarter. Norges Bank bought a new stake in Ubiquiti in the fourth quarter worth approximately $8,855,000. Millennium Management LLC increased its holdings in Ubiquiti by 325.7% in the fourth quarter. Millennium Management LLC now owns 40,877 shares of the company’s stock worth $11,181,000 after purchasing an additional 31,274 shares in the last quarter. Finally, SW Investment Management LLC increased its holdings in Ubiquiti by 18.2% in the first quarter. SW Investment Management LLC now owns 130,000 shares of the company’s stock worth $37,850,000 after purchasing an additional 20,000 shares in the last quarter. 3.59% of the stock is owned by institutional investors and hedge funds.
Ubiquiti, Inc is focused on democratizing network technology on a global scale. It sells networking equipment and provides related software platforms. The firm develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.
- Get a free copy of the StockNews.com research report on Ubiquiti (UI)
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