Corient Private Wealth LLC Buys 3,304 Shares of Ubiquiti Inc. $UI

Corient Private Wealth LLC lifted its position in Ubiquiti Inc. (NYSE:UI) by 219.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,808 shares of the company’s stock after purchasing an additional 3,304 shares during the period. Corient Private Wealth LLC’s holdings in Ubiquiti were worth $2,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Ubiquiti by 244.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the period. M&T Bank Corp lifted its holdings 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 worth $54,520,000 after buying an additional 97,287 shares during the period. Capital World Investors grew its position in shares of Ubiquiti by 315.9% during the 3rd quarter. Capital World Investors now owns 86,086 shares of the company’s stock worth $56,867,000 after buying an additional 65,386 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Ubiquiti by 47.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock worth $108,309,000 after buying an additional 52,744 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ubiquiti during the fourth quarter valued at $28,527,000. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Up 0.1%

Shares of NYSE:UI opened at $526.96 on Monday. The company has a market capitalization of $31.89 billion, a PE ratio of 33.87 and a beta of 1.30. Ubiquiti Inc. has a 12-month low of $380.00 and a 12-month high of $1,099.99. The business’s fifty day simple moving average is $717.26 and its 200-day simple moving average is $694.19.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, May 8th. The company reported $3.88 earnings per share 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 company had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Research analysts predict that Ubiquiti Inc. will post 14.82 EPS 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 issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UI shares. Barclays lifted their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday, May 11th. BWS Financial reiterated a “buy” rating and set 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. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings cut shares of 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ubiquiti has a consensus rating of “Hold” and an average 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.