Public Employees Retirement System of Ohio Buys 91,788 Shares of UiPath Inc. (NYSE:PATH)

Public Employees Retirement System of Ohio lifted its stake in shares of UiPath Inc. (NYSE:PATH) by 61.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,123 shares of the company’s stock after purchasing an additional 91,788 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in UiPath were worth $3,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of UiPath by 18.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,034 shares of the company’s stock worth $457,000 after buying an additional 5,555 shares in the last quarter. Swedbank AB bought a new position in UiPath in the second quarter valued at about $277,000. Assenagon Asset Management S.A. boosted its stake in shares of UiPath by 719.0% during the second quarter. Assenagon Asset Management S.A. now owns 163,923 shares of the company’s stock valued at $2,079,000 after purchasing an additional 143,907 shares in the last quarter. Raymond James & Associates increased its stake in shares of UiPath by 40.3% in the second quarter. Raymond James & Associates now owns 230,331 shares of the company’s stock valued at $2,921,000 after buying an additional 66,114 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of UiPath by 13.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,458 shares of the company’s stock valued at $424,000 after buying an additional 3,880 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PATH shares. UBS Group initiated coverage on shares of UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. BMO Capital Markets boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. DA Davidson raised their target price on UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company reduced their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Cowen lowered their price objective on UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.50.

UiPath Stock Up 0.3 %

Shares of NYSE:PATH opened at $14.05 on Tuesday. The stock’s 50 day moving average is $13.36 and its 200-day moving average is $12.59. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of -87.81 and a beta of 0.94.

UiPath Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.