Corient Private Wealth LLC Raises Stock Holdings in Ubiquiti Inc. $UI

Corient Private Wealth LLC grew its position in Ubiquiti Inc. (NYSE:UI) by 73,940.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,113,568 shares of the company’s stock after acquiring an additional 1,112,064 shares during the quarter. Corient Private Wealth LLC owned about 1.84% of Ubiquiti worth $616,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ubiquiti by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock valued at $101,520,000 after buying an additional 19,504 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Ubiquiti by 244.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock valued at $88,815,000 after acquiring an additional 110,632 shares during the period. Morgan Stanley increased its position in Ubiquiti by 7.7% in the 4th quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after acquiring an additional 7,338 shares during the period. Capital World Investors raised 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 during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Ubiquiti by 7,845.7% in the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after purchasing an additional 97,287 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ubiquiti Trading Up 4.8%

UI stock opened at $590.10 on Friday. The company has a market cap of $35.71 billion, a P/E ratio of 37.92 and a beta of 1.29. Ubiquiti Inc. has a 52 week low of $368.42 and a 52 week high of $1,099.99. The company’s 50-day moving average price is $763.77 and its 200 day moving average price is $694.62.

Ubiquiti (NYSE:UI) last issued 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 net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. The firm’s revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, May 18th. Ubiquiti’s payout ratio is presently 20.57%.

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.