Treasurer of the State of North Carolina decreased its stake in shares of Ubiquiti Inc. (NYSE:UI – Get Rating) by 30.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,795 shares of the company’s stock after selling 770 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Ubiquiti were worth $491,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in UI. U.S. Capital Wealth Advisors LLC acquired a new position in Ubiquiti during the fourth quarter worth $25,000. DekaBank Deutsche Girozentrale increased its stake in shares of Ubiquiti by 164.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 98 shares of the company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Ubiquiti by 100.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 100 shares of the company’s stock valued at $29,000 after purchasing an additional 50 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in Ubiquiti in the 4th quarter valued at about $30,000. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Ubiquiti by 895.0% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 199 shares of the company’s stock worth $58,000 after purchasing an additional 179 shares during the period. Institutional investors own 3.59% of the company’s stock.
Ubiquiti Stock Down 0.9 %
Shares of NYSE:UI opened at $171.80 on Monday. The stock has a market cap of $10.38 billion, a PE ratio of 26.19 and a beta of 1.27. Ubiquiti Inc. has a 12-month low of $168.72 and a 12-month high of $350.63. The business has a 50 day moving average of $236.64 and a 200-day moving average of $261.80.
Ubiquiti Announces Dividend
Analysts Set New Price Targets
A number of research firms have recently issued reports on UI. Barclays cut their price objective on Ubiquiti from $266.00 to $207.00 in a research report on Sunday, May 7th. StockNews.com started coverage on shares of Ubiquiti in a report on Thursday. They issued a “hold” rating on the stock.
Ubiquiti, Inc is a company that focuses on democratizing network technology. 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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