Ubiquiti (NYSE:UI – Get Free Report) had its price target decreased by investment analysts at Barclays from $105.00 to $93.00 in a report issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 27.23% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. BWS Financial decreased their price objective on Ubiquiti from $375.00 to $160.00 and set a “buy” rating for the company in a report on Monday, November 6th. StockNews.com cut Ubiquiti from a “hold” rating to a “sell” rating in a report on Monday, February 5th.
Ubiquiti Stock Up 9.0 %
Institutional Investors Weigh In On Ubiquiti
A number of institutional investors have recently made changes to their positions in UI. JPMorgan Chase & Co. raised its position in shares of Ubiquiti by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 12,068 shares of the company’s stock valued at $3,514,000 after buying an additional 2,263 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Ubiquiti by 14.6% in the first quarter. HighTower Advisors LLC now owns 2,189 shares of the company’s stock valued at $638,000 after buying an additional 279 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Ubiquiti in the first quarter valued at approximately $254,000. Citigroup Inc. raised its position in shares of Ubiquiti by 2.4% in the first quarter. Citigroup Inc. now owns 2,723 shares of the company’s stock valued at $793,000 after buying an additional 64 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Ubiquiti by 14.5% in the first quarter. Bank of Montreal Can now owns 1,049 shares of the company’s stock valued at $309,000 after buying an additional 133 shares in the last quarter. Institutional investors own 3.54% of the company’s stock.
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.
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