Ubiquiti Inc. $UI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 86.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,180 shares of the company’s stock after selling 7,492 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ubiquiti were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of UI. Exchange Traded Concepts LLC boosted its stake in Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after buying an additional 18 shares during the period. Baron Wealth Management LLC boosted its position in shares of Ubiquiti by 2.2% during the 3rd quarter. Baron Wealth Management LLC now owns 947 shares of the company’s stock worth $626,000 after purchasing an additional 20 shares during the period. Valeo Financial Advisors LLC increased its holdings in Ubiquiti by 2.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,025 shares of the company’s stock valued at $422,000 after purchasing an additional 25 shares during the last quarter. M&T Bank Corp raised its position in Ubiquiti by 2.6% in the second quarter. M&T Bank Corp now owns 1,204 shares of the company’s stock valued at $495,000 after purchasing an additional 30 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Ubiquiti by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,062 shares of the company’s stock worth $437,000 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UI. BWS Financial reaffirmed a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research note on Monday, February 9th. Barclays lifted their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ubiquiti currently has an average rating of “Moderate Buy” and an average target price of $615.67.

Ubiquiti Stock Performance

UI stock opened at $799.76 on Thursday. The company’s 50 day moving average price is $625.25 and its 200 day moving average price is $616.68. The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 54.48 and a beta of 1.33. Ubiquiti Inc. has a fifty-two week low of $255.00 and a fifty-two week high of $803.59.

Ubiquiti (NYSE:UI) last posted its quarterly 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. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The company had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter in the previous year, the business posted $2.28 EPS. The firm’s revenue was up 35.8% on a year-over-year basis. Equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a $0.80 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is currently 21.80%.

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.