Northwestern Mutual Wealth Management Co. acquired a new position in Ubiquiti Inc. (NYSE:UI – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,122 shares of the company’s stock, valued at approximately $2,201,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its position in shares of Ubiquiti by 73,940.4% in the fourth quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after buying an additional 1,112,064 shares during the period. BlackRock Inc. purchased a new stake in Ubiquiti in the 2nd quarter worth about $163,010,000. Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock worth $101,520,000 after acquiring an additional 19,504 shares in the last quarter. Morgan Stanley boosted its position in Ubiquiti by 7.7% during the 4th quarter. Morgan Stanley now owns 102,022 shares of the company’s stock worth $56,454,000 after acquiring an additional 7,338 shares during the period. Finally, Capital World Investors grew its stake in Ubiquiti by 16.2% during the 4th quarter. Capital World Investors now owns 100,056 shares of the company’s stock valued at $55,366,000 after acquiring an additional 13,970 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on UI shares. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial reiterated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Barclays decreased their target price on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $734.50.
Ubiquiti Price Performance
UI opened at $552.97 on Tuesday. Ubiquiti Inc. has a fifty-two week low of $505.73 and a fifty-two week high of $1,099.99. The business has a 50-day moving average of $552.26 and a 200-day moving average of $690.77. The company has a market capitalization of $33.47 billion, a PE ratio of 34.89 and a beta of 1.31.
Ubiquiti (NYSE:UI – Get Free Report) last announced its quarterly earnings results on Friday, August 21st. The company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.70. The business had revenue of $937.32 million during the quarter, compared to analyst estimates of $850.50 million. Ubiquiti had a return on equity of 94.52% and a net margin of 29.33%.During the same period in the previous year, the company earned $4.41 EPS. On average, equities research analysts expect that Ubiquiti Inc. will post 15.53 earnings per share for the current fiscal year.
Ubiquiti Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Ubiquiti’s previous quarterly dividend of $0.80. The ex-dividend date is Monday, August 31st. Ubiquiti’s dividend payout ratio is presently 20.19%.
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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