2,828 Shares in Ubiquiti Inc. $UI Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI) in the second quarter, HoldingsChannel reports. The fund acquired 2,828 shares of the company’s stock, valued at approximately $1,526,000.

A number of other hedge funds also recently added to or reduced their stakes in UI. Goldman Sachs Group Inc. increased its holdings in shares of Ubiquiti by 33.8% during the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $10,494,000 after purchasing an additional 8,551 shares during the period. Woodline Partners LP raised its position in shares of Ubiquiti by 22.1% during the first quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock worth $377,000 after purchasing an additional 220 shares during the period. Jane Street Group LLC lifted its stake in Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after buying an additional 1,570 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Ubiquiti in the 2nd quarter valued at approximately $312,000. Finally, Legal & General Group Plc lifted its holdings in shares of Ubiquiti by 23.2% in the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock valued at $326,000 after purchasing an additional 149 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UI has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays lifted 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. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, BWS Financial reissued a “buy” rating and issued a $980.00 price target on shares of Ubiquiti in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Price Performance

Shares of UI stock opened at $592.23 on Thursday. The stock has a 50-day moving average of $553.50 and a 200-day moving average of $690.65. The stock has a market cap of $35.84 billion, a PE ratio of 38.06 and a beta of 1.31. Ubiquiti Inc. has a one year low of $380.00 and a one year high of $1,099.99.

About Ubiquiti

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.