Ubiquiti Inc. $UI is SW Investment Management LLC's Largest Position

Key Points

• SW Investment Management LLC increased its stake in Ubiquiti Inc. by 7.4%, making it the firm's largest holding at a value of approximately $89.9 million.
• Shares of Ubiquiti stock have recently decreased by 3.7%, currently trading around $401.74 with a 52-week high of $488.79.
• Analysts have differing outlooks on Ubiquiti, with Barclays setting a price target of $247 while BWS Financial maintains a "buy" rating with a target of $440.

SW Investment Management LLC raised its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,000 shares of the company's stock after purchasing an additional 20,000 shares during the period. Ubiquiti accounts for 27.7% of SW Investment Management LLC's investment portfolio, making the stock its largest holding. SW Investment Management LLC owned approximately 0.48% of Ubiquiti worth $89,941,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UI. Golden State Wealth Management LLC purchased a new position in shares of Ubiquiti in the 1st quarter valued at $25,000. Versant Capital Management Inc grew its position in Ubiquiti by 484.2% during the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Sterling Capital Management LLC grew its position in Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after purchasing an additional 39 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Ubiquiti during the 4th quarter worth $74,000. Finally, New Age Alpha Advisors LLC purchased a new position in Ubiquiti during the 1st quarter worth $92,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UI shares. BWS Financial restated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Friday, July 11th. Barclays raised their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $343.50.

Ubiquiti Stock Up 0.4%

Shares of NYSE UI traded up $1.5940 during midday trading on Wednesday, hitting $390.4240. The company had a trading volume of 75,048 shares, compared to its average volume of 105,184. Ubiquiti Inc. has a twelve month low of $165.50 and a twelve month high of $488.79. The business has a 50-day simple moving average of $420.98 and a two-hundred day simple moving average of $372.34. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 42.95 and a beta of 1.35.

Ubiquiti 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.