Jupiter Asset Management Ltd. Makes New Investment in Ubiquiti Inc. $UI

Jupiter Asset Management Ltd. bought a new stake in Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,706 shares of the company’s stock, valued at approximately $1,127,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after acquiring an additional 18 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Ubiquiti by 1,075.0% during 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 in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after purchasing an additional 51 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Ubiquiti by 200.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after purchasing an additional 110 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ubiquiti in the 3rd quarter valued at about $163,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Barclays lifted their target price on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday, February 6th. BWS Financial reiterated a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research note on Monday, February 9th. Finally, Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $615.67.

Ubiquiti Price Performance

NYSE:UI opened at $750.16 on Monday. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 51.10 and a beta of 1.40. The firm’s fifty day moving average price is $592.42 and its 200 day moving average price is $600.22. Ubiquiti Inc. has a 1-year low of $255.00 and a 1-year high of $803.59.

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 company had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business’s revenue was up 35.8% on a year-over-year basis. During the same quarter last year, the business earned $2.28 EPS. As a group, analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The firm 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 is Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.4%. Ubiquiti’s payout ratio is presently 21.80%.

Ubiquiti Company 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.