Private Advisory Group LLC Acquires Shares of 1,819 Ubiquiti Inc. $UI

Private Advisory Group LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the second quarter, HoldingsChannel.com reports. The firm bought 1,819 shares of the company’s stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wealthspire Advisors LLC raised its position in shares of Ubiquiti by 3.3% in the fourth quarter. Wealthspire Advisors LLC now owns 506 shares of the company’s stock valued at $280,000 after buying an additional 16 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ubiquiti by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock valued at $1,700,000 after buying an additional 20 shares during the period. Valeo Financial Advisors LLC grew its position in Ubiquiti by 2.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,046 shares of the company’s stock worth $579,000 after buying an additional 21 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Ubiquiti by 36.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 83 shares of the company’s stock worth $46,000 after buying an additional 22 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC increased its stake in Ubiquiti by 50.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock worth $42,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Trading Down 1.5%

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Barclays raised their price target on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. BWS Financial reaffirmed a “buy” rating and issued a $980.00 price target on shares of Ubiquiti in a research note on Wednesday, July 8th. Finally, Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $750.67.

Ubiquiti 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.