Separately, BWS Financial lowered their target price on Ubiquiti from $375.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, November 6th.
Ubiquiti Stock Up 1.1 %
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Ubiquiti in the fourth quarter valued at approximately $424,000. Charles Schwab Investment Management Inc. increased its position in Ubiquiti by 17.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,177 shares of the company’s stock valued at $5,049,000 after purchasing an additional 5,267 shares during the period. National Bank of Canada FI increased its position in Ubiquiti by 258.1% during the 4th quarter. National Bank of Canada FI now owns 555 shares of the company’s stock valued at $76,000 after purchasing an additional 400 shares during the period. Headlands Technologies LLC acquired a new stake in Ubiquiti during the 4th quarter valued at approximately $42,000. Finally, Stock Yards Bank & Trust Co. increased its position in Ubiquiti by 27.6% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,915 shares of the company’s stock valued at $267,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 3.54% of the company’s stock.
Ubiquiti Company Profile
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.
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