AE Wealth Management LLC Sells 2,037 Shares of Ubiquiti Inc. $UI

AE Wealth Management LLC lessened its position in shares of Ubiquiti Inc. (NYSE:UI) by 48.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,180 shares of the company’s stock after selling 2,037 shares during the period. AE Wealth Management LLC’s holdings in Ubiquiti were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Long Walk Management LP acquired a new position in Ubiquiti during the second quarter valued at approximately $28,480,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ubiquiti by 1,709.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock worth $30,423,000 after buying an additional 42,781 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Ubiquiti by 380.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after buying an additional 42,092 shares during the last quarter. Rhumbline Advisers boosted its stake in Ubiquiti by 856.8% in the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after buying an additional 38,315 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Ubiquiti by 40.3% in the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after acquiring an additional 30,420 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Insider Transactions at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the completion of the sale, the chief accounting officer directly owned 2,768 shares in the company, valued at approximately $1,595,973.44. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 93.10% of the stock is currently owned by corporate insiders.

Ubiquiti Price Performance

Ubiquiti stock opened at $545.88 on Tuesday. The stock’s 50 day moving average is $563.73 and its 200 day moving average is $577.39. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $803.59. The firm has a market cap of $33.03 billion, a P/E ratio of 41.73 and a beta of 1.40.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.98. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. The firm had revenue of $733.77 million during the quarter, compared to analyst estimates of $702.38 million. Equities analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, November 17th. Ubiquiti’s payout ratio is presently 24.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Barclays boosted their price target on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a report on Tuesday, November 11th. BWS Financial reiterated a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $591.67.

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.