Harvest Fund Management Co. Ltd Cuts Position in Ubiquiti Inc. $UI

Harvest Fund Management Co. Ltd trimmed its position in Ubiquiti Inc. (NYSE:UI) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,866 shares of the company’s stock after selling 1,639 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ubiquiti were worth $2,139,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in Ubiquiti by 7.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 256 shares of the company’s stock valued at $169,000 after purchasing an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Ubiquiti by 3.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 659 shares of the company’s stock valued at $365,000 after acquiring an additional 19 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ubiquiti by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock valued at $1,700,000 after acquiring an additional 20 shares during the last quarter. Blue Trust Inc. boosted its position in Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after purchasing an additional 21 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Ubiquiti by 2.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,046 shares of the company’s stock valued at $579,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Shares of UI stock opened at $566.62 on Friday. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99. The stock has a fifty day moving average of $805.93 and a two-hundred day moving average of $692.33. The firm has a market capitalization of $34.29 billion, a PE ratio of 36.42 and a beta of 1.29.

Ubiquiti (NYSE:UI) last announced its quarterly 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 analyst estimates of $814.30 million. The company’s revenue was up 18.7% on a year-over-year basis. Equities research analysts predict that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid 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 of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is currently 20.57%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. BWS Financial restated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research report on Monday, May 11th. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.