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Northwestern Mutual Wealth Management Co. Purchases 467 Shares of Ubiquiti Inc. (NYSE:UI)

Northwestern Mutual Wealth Management Co. grew its stake in Ubiquiti Inc. (NYSE:UIGet Rating) by 462.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the company’s stock after purchasing an additional 467 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ubiquiti were worth $165,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UI. Commonwealth Equity Services LLC boosted its position in shares of Ubiquiti by 8.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,524 shares of the company’s stock worth $443,000 after purchasing an additional 124 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Ubiquiti by 185.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,248 shares of the company’s stock valued at $655,000 after acquiring an additional 1,461 shares in the last quarter. Weil Company Inc. lifted its position in Ubiquiti by 36.2% in the 4th quarter. Weil Company Inc. now owns 1,053 shares of the company’s stock valued at $323,000 after acquiring an additional 280 shares in the last quarter. Rise Advisors LLC bought a new position in Ubiquiti in the 4th quarter valued at approximately $42,000. Finally, Motley Fool Asset Management LLC lifted its position in Ubiquiti by 4,707.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,346 shares of the company’s stock valued at $392,000 after acquiring an additional 1,318 shares in the last quarter. 5.33% of the stock is currently owned by institutional investors.

Ubiquiti Trading Down 0.5 %

UI stock opened at $315.88 on Thursday. The stock’s 50 day simple moving average is $297.01 and its 200 day simple moving average is $269.41. The stock has a market capitalization of $19.08 billion, a PE ratio of 44.81 and a beta of 1.40. Ubiquiti Inc. has a 12-month low of $218.15 and a 12-month high of $344.77.

Ubiquiti Company Profile

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Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as consumer products under the Ubiquiti Labs brand name.

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