Handelsbanken Fonder AB Grows Stock Holdings in Ubiquiti Inc. $UI

Handelsbanken Fonder AB lifted its holdings in Ubiquiti Inc. (NYSE:UI) by 565.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,245 shares of the company’s stock after acquiring an additional 8,705 shares during the period. Handelsbanken Fonder AB’s holdings in Ubiquiti were worth $5,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vision Retirement LLC bought a new stake in Ubiquiti in the 1st quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Ubiquiti during the 3rd quarter worth about $34,000. CIBC Private Wealth Group LLC raised 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 worth $39,000 after buying an additional 50 shares during the period. Cherry Tree Wealth Management LLC lifted its holdings in Ubiquiti by 50.0% during the 4th 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. Finally, CANADA LIFE ASSURANCE Co grew its stake in Ubiquiti by 216.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after purchasing an additional 54 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Stock Down 1.5%

Shares of UI opened at $573.98 on Friday. Ubiquiti Inc. has a 52-week low of $380.00 and a 52-week high of $1,099.99. The stock has a market cap of $34.74 billion, a PE ratio of 36.89 and a beta of 1.31. The firm’s fifty day moving average is $552.26 and its two-hundred day moving average is $689.04.

Analyst Upgrades and Downgrades

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