Meeder Asset Management Inc. Buys Shares of 3,710 Ubiquiti Inc. $UI

Meeder Asset Management Inc. purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,710 shares of the company’s stock, valued at approximately $1,981,000.

A number of other institutional investors also recently modified their holdings of UI. Vision Retirement LLC bought a new position in Ubiquiti during the first quarter worth $25,000. Quarry LP bought a new stake in Ubiquiti during the third quarter valued at $34,000. CIBC Private Wealth Group LLC grew its holdings in Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the period. Cherry Tree Wealth Management LLC raised its position in shares of Ubiquiti by 50.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock worth $42,000 after acquiring an additional 25 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Ubiquiti by 216.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after purchasing an additional 54 shares during the period. 4.00% of the stock is owned by institutional investors.

Ubiquiti Price Performance

UI stock opened at $581.53 on Wednesday. The company’s 50-day moving average is $552.75 and its 200-day moving average is $690.47. The stock has a market capitalization of $35.19 billion, a PE ratio of 37.37 and a beta of 1.31. Ubiquiti Inc. has a 1 year low of $380.00 and a 1 year high of $1,099.99.

Wall Street Analysts Forecast Growth

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

Ubiquiti Company Profile

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.