Alps Advisors Inc. Takes $495,000 Position in Ubiquiti Inc. $UI

Alps Advisors Inc. acquired a new position in Ubiquiti Inc. (NYSE:UI) in the third quarter, Holdings Channel reports. The firm acquired 750 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in shares of Ubiquiti by 31.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after purchasing an additional 18 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the period. Westside Investment Management Inc. grew its stake in shares of Ubiquiti by 100.0% in the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after acquiring an additional 51 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Ubiquiti by 200.0% during the second quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after buying an additional 110 shares during the last quarter. Finally, Financial Perspectives Inc grew its holdings in shares of Ubiquiti by 21.9% during the 2nd quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock worth $85,000 after purchasing an additional 37 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Trading Down 1.3%

NYSE UI opened at $704.05 on Friday. The firm has a market capitalization of $42.61 billion, a PE ratio of 47.96 and a beta of 1.40. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $803.59. The business’s 50-day moving average price is $575.71 and its two-hundred day moving average price is $586.51.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm’s revenue was up 35.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 earnings per share. As a group, analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. Ubiquiti’s dividend payout ratio (DPR) is currently 21.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UI shares. BWS Financial restated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a research report on Monday. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Barclays lifted their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ubiquiti presently has an average rating of “Moderate Buy” and an average price target of $615.67.

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.