Ubiquiti Inc. (NYSE:UI) Shares Purchased by US Bancorp DE

US Bancorp DE raised its position in Ubiquiti Inc. (NYSE:UI) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,564 shares of the company’s stock after buying an additional 37 shares during the period. US Bancorp DE’s holdings in Ubiquiti were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund acquired a new position in shares of Ubiquiti during the 1st quarter worth approximately $571,000. Raymond James Financial Inc. acquired a new position in shares of Ubiquiti during the 4th quarter worth approximately $1,246,000. BNP Paribas Financial Markets acquired a new position in shares of Ubiquiti during the 4th quarter worth approximately $484,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Ubiquiti during the 1st quarter worth approximately $3,908,000. Finally, Northern Trust Corp boosted its holdings in shares of Ubiquiti by 54.2% during the 4th quarter. Northern Trust Corp now owns 25,476 shares of the company’s stock worth $8,456,000 after purchasing an additional 8,955 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UI has been the topic of several recent research reports. BWS Financial restated a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a report on Friday, July 11th. Barclays boosted their target price on Ubiquiti from $222.00 to $247.00 and gave the stock an “underweight” rating in a report on Monday, May 12th.

Ubiquiti Stock Performance

UI stock opened at $475.93 on Wednesday. The firm has a market cap of $28.79 billion, a PE ratio of 52.42 and a beta of 1.35. The firm’s 50 day moving average price is $419.70 and its 200-day moving average price is $371.48. Ubiquiti Inc. has a one year low of $165.50 and a one year high of $480.19.

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.