Sigma Planning Corp purchased a new position in shares of Ubiquiti Inc. (NYSE:UI – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 930 shares of the company’s stock, valued at approximately $735,000.
Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Quarry LP bought a new position in Ubiquiti during the third quarter valued at approximately $34,000. CIBC Private Wealth Group LLC raised its position in Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Cherry Tree Wealth Management LLC lifted its stake in Ubiquiti by 50.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after acquiring an additional 25 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Ubiquiti by 216.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after acquiring an additional 54 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.
Ubiquiti Stock Down 0.0%
UI opened at $545.69 on Monday. The firm has a market capitalization of $33.02 billion, a P/E ratio of 35.07 and a beta of 1.31. The stock’s 50 day moving average price is $576.75 and its two-hundred day moving average price is $691.05. Ubiquiti Inc. has a 12-month low of $380.00 and a 12-month high of $1,099.99.
Ubiquiti Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, May 18th. Ubiquiti’s dividend payout ratio is presently 20.57%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Barclays raised their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ubiquiti has an average rating of “Moderate Buy” and a consensus target price of $750.67.
Read Our Latest Research Report on Ubiquiti
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.
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