New York State Teachers Retirement System Purchases 59,695 Shares of UiPath, Inc. $PATH

New York State Teachers Retirement System lifted its position in UiPath, Inc. (NYSE:PATH) by 149.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,713 shares of the company’s stock after purchasing an additional 59,695 shares during the period. New York State Teachers Retirement System’s holdings in UiPath were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. Vanguard Group Inc. increased its stake in UiPath by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after buying an additional 2,251,434 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in UiPath by 122.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,021,200 shares of the company’s stock valued at $51,471,000 after acquiring an additional 2,212,000 shares during the period. Two Sigma Investments LP raised its holdings in UiPath by 95.7% during the third quarter. Two Sigma Investments LP now owns 2,367,751 shares of the company’s stock valued at $31,681,000 after acquiring an additional 1,157,987 shares during the period. Finally, Invenomic Capital Management LP purchased a new position in shares of UiPath in the third quarter valued at about $14,693,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley raised UiPath from an “equal weight” rating to a “positive” rating in a research note on Friday, March 13th. Royal Bank Of Canada set a $14.00 price target on UiPath in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. UBS Group cut their price objective on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, William Blair reiterated a “hold” rating on shares of UiPath in a research report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, UiPath has an average rating of “Hold” and an average price target of $14.07.

UiPath Stock Down 1.5%

PATH stock opened at $10.77 on Friday. UiPath, Inc. has a 52 week low of $9.28 and a 52 week high of $19.84. The firm has a market capitalization of $5.64 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $13.44.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm had revenue of $481.11 million for the quarter, compared to analysts’ expectations of $464.81 million. During the same period in the prior year, the company earned $0.26 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that UiPath, Inc. will post 0.32 EPS for the current year.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.