Handelsbanken Fonder AB Has $5.47 Million Holdings in Ubiquiti Inc. $UI

Handelsbanken Fonder AB grew its holdings in Ubiquiti Inc. (NYSE:UI) by 565.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,245 shares of the company’s stock after purchasing an additional 8,705 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ubiquiti were worth $5,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. M&T Bank Corp increased its holdings in shares of Ubiquiti by 7,845.7% during the fourth quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after acquiring an additional 97,287 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of Ubiquiti during the first quarter valued at about $1,581,000. Diversify Wealth Management LLC purchased a new position in Ubiquiti during the first quarter worth about $2,173,000. Hsbc Holdings PLC grew its position in Ubiquiti by 112.5% in the 4th quarter. Hsbc Holdings PLC now owns 4,138 shares of the company’s stock worth $2,290,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Cim LLC bought a new position in shares of Ubiquiti during the 1st quarter worth approximately $2,594,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI stock opened at $573.98 on Friday. Ubiquiti Inc. has a one year low of $380.00 and a one year high of $1,099.99. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 36.89 and a beta of 1.31. The company’s 50-day moving average is $552.26 and its 200 day moving average is $689.04.

Analyst Upgrades and Downgrades

UI has been the subject of a number of recent analyst reports. Barclays upped their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial restated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research report on Wednesday, July 8th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $750.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi?Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well?known lines—most notably UniFi for managed LAN/Wi?Fi and networked video, AmpliFi for consumer Wi?Fi, and product families targeting service?provider and point?to?point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud?enabled control as core features of its platform approach.