Pallas Capital Advisors LLC Acquires Shares of 889 Ubiquiti Inc. $UI

Pallas Capital Advisors LLC acquired a new stake in Ubiquiti Inc. (NYSE:UIFree Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 889 shares of the company’s stock, valued at approximately $475,000.

Several other large investors have also made changes to their positions in UI. Goldman Sachs Group Inc. grew its stake in Ubiquiti by 33.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $10,494,000 after acquiring an additional 8,551 shares during the period. Woodline Partners LP increased its holdings in Ubiquiti by 22.1% in the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock worth $377,000 after acquiring an additional 220 shares in the last quarter. Jane Street Group LLC raised its position in Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after acquiring an additional 1,570 shares during the period. Cetera Investment Advisers acquired a new position in Ubiquiti during the second quarter worth $312,000. Finally, Legal & General Group Plc lifted its holdings in Ubiquiti by 23.2% during 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 owned by institutional investors and hedge funds.

Ubiquiti Trading Up 1.6%

Shares of UI stock opened at $592.23 on Thursday. Ubiquiti Inc. has a twelve month low of $380.00 and a twelve month high of $1,099.99. The company’s 50-day moving average price is $553.50 and its 200-day moving average price is $690.65. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 38.06 and a beta of 1.31.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. BWS Financial reiterated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Barclays raised their target price on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Finally, Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ubiquiti currently has an average rating of “Hold” and a consensus target price of $750.67.

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Ubiquiti Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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