Ubiquiti Inc. $UI Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in shares of Ubiquiti Inc. (NYSE:UI) by 26.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,594 shares of the company’s stock after acquiring an additional 1,593 shares during the quarter. Pacer Advisors Inc.’s holdings in Ubiquiti were worth $6,001,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vision Retirement LLC acquired a new position in Ubiquiti during the 1st quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after buying an additional 21 shares in the last quarter. Quarry LP acquired a new stake in shares of Ubiquiti in the third quarter valued at $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the period. Finally, Cherry Tree Wealth Management LLC boosted its stake in Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after buying an additional 25 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ubiquiti Stock Up 1.5%

Shares of Ubiquiti stock opened at $568.45 on Thursday. The stock’s fifty day moving average is $553.27 and its 200-day moving average is $689.00. The firm has a market capitalization of $34.40 billion, a PE ratio of 36.53 and a beta of 1.31. Ubiquiti Inc. has a 12-month low of $380.00 and a 12-month high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Analysts expect that Ubiquiti Inc. will post 14.82 EPS for the current year.

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.