Pallas Capital Advisors LLC Makes New Investment in Ubiquiti Inc. $UI

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

Several other large investors have also modified their holdings of the business. M&T Bank Corp raised its holdings in Ubiquiti by 7,845.7% in the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after buying an additional 97,287 shares during the period. Militia Capital Management LLC purchased a new position in Ubiquiti during the first quarter worth about $1,581,000. Diversify Wealth Management LLC purchased a new position in Ubiquiti during the first quarter worth about $2,173,000. Cim LLC purchased a new position in Ubiquiti during the first quarter worth about $2,594,000. Finally, Hsbc Holdings PLC increased its position in shares of Ubiquiti by 112.5% during the fourth quarter. Hsbc Holdings PLC now owns 4,138 shares of the company’s stock valued at $2,290,000 after acquiring an additional 2,191 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

UI has been the topic 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 note on Friday, August 14th. Barclays increased their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, BWS Financial restated a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $750.67.

Ubiquiti Stock Up 1.6%

Shares of UI opened at $592.23 on Thursday. The company has a market cap of $35.84 billion, a P/E ratio of 38.06 and a beta of 1.31. Ubiquiti Inc. has a fifty-two week low of $380.00 and a fifty-two week high of $1,099.99. The firm’s 50 day moving average price is $553.50 and its 200 day moving average price is $690.65.

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.