SP Asset Management LLC Invests $859,000 in Ubiquiti Inc. $UI

SP Asset Management LLC purchased a new position in Ubiquiti Inc. (NYSE:UI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,300 shares of the company’s stock, valued at approximately $859,000.

A number of other institutional investors have also recently made changes to their positions in UI. Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 24.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock valued at $45,782,000 after acquiring an additional 21,547 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Ubiquiti by 40.3% during the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after purchasing an additional 30,420 shares during the last quarter. Geode Capital Management LLC lifted its position in Ubiquiti by 4.6% during the second quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock valued at $28,886,000 after purchasing an additional 3,094 shares during the period. Long Walk Management LP purchased a new stake in Ubiquiti in the second quarter worth approximately $28,480,000. Finally, Qube Research & Technologies Ltd grew its position in Ubiquiti by 380.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after purchasing an additional 42,092 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Down 1.0%

Shares of NYSE:UI opened at $545.88 on Tuesday. The company has a market capitalization of $33.03 billion, a PE ratio of 41.73 and a beta of 1.40. Ubiquiti Inc. has a 12-month low of $255.00 and a 12-month high of $803.59. The business’s fifty day simple moving average is $563.73 and its 200-day simple moving average is $577.39.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, November 7th. The company reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.98. The business had revenue of $733.77 million for the quarter, compared to analysts’ expectations of $702.38 million. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. Research analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current 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 paid a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is 24.46%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Ubiquiti

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

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.