Arrowstreet Capital Limited Partnership Raises Stock Position in Ubiquiti Inc. $UI

Arrowstreet Capital Limited Partnership increased its stake in Ubiquiti Inc. (NYSE:UI) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,464 shares of the company’s stock after acquiring an additional 19,504 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.30% of Ubiquiti worth $101,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UI. Blue Trust Inc. increased its holdings in Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after acquiring an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in shares of Ubiquiti during the third quarter worth $33,000. Quarry LP purchased a new stake in shares of Ubiquiti during the third quarter worth $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Ubiquiti by 216.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Shares of UI opened at $576.93 on Tuesday. The company’s 50-day simple moving average is $779.85 and its 200-day simple moving average is $694.80. The stock has a market capitalization of $34.92 billion, a PE ratio of 37.08 and a beta of 1.30. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The business’s revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts predict that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is 20.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UI. Barclays upped their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ubiquiti presently has a consensus rating of “Hold” and a consensus price target of $750.67.

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.