Northwestern Mutual Wealth Management Co. lifted its holdings in Ubiquiti Inc. (NYSE:UI – Free Report) by 48.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,789 shares of the company’s stock after buying an additional 912 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ubiquiti were worth $1,544,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. GSA Capital Partners LLP grew its position in shares of Ubiquiti by 132.8% in the 3rd quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock valued at $2,278,000 after purchasing an additional 1,967 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Ubiquiti by 2,268.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock valued at $13,391,000 after purchasing an additional 19,415 shares during the period. M&T Bank Corp grew its position in shares of 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 purchasing an additional 97,287 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Ubiquiti in the 3rd quarter valued at approximately $1,127,000. Finally, Vanguard Group Inc. grew its position in shares of Ubiquiti by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 95,561 shares of the company’s stock valued at $63,126,000 after purchasing an additional 9,282 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays boosted their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $750.67.
Ubiquiti Stock Down 2.5%
NYSE:UI opened at $566.62 on Friday. Ubiquiti Inc. has a twelve month low of $368.42 and a twelve month high of $1,099.99. The business has a 50 day moving average price of $805.93 and a two-hundred day moving average price of $692.33. The company has a market cap of $34.29 billion, a P/E ratio of 36.42 and a beta of 1.29.
Ubiquiti (NYSE:UI – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.
Ubiquiti Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s dividend payout ratio is 20.57%.
Ubiquiti 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.
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