Northwestern Mutual Wealth Management Co. Acquires 912 Shares of Ubiquiti Inc. $UI

Northwestern Mutual Wealth Management Co. lifted its holdings in Ubiquiti Inc. (NYSE:UI) by 48.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,789 shares of the company’s stock after buying an additional 912 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ubiquiti were worth $1,544,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in 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 purchasing an additional 52,744 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised 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 last quarter. M&T Bank Corp raised its holdings in Ubiquiti by 7,845.7% during the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after purchasing an additional 97,287 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ubiquiti by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 96,943 shares of the company’s stock worth $53,643,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Capital World Investors raised its holdings in 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 purchasing an additional 65,386 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ubiquiti Trading Down 2.5%

Ubiquiti stock opened at $566.62 on Friday. The firm has a market capitalization of $34.29 billion, a P/E ratio of 36.42 and a beta of 1.29. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99. The business has a 50-day moving average of $805.93 and a 200-day moving average of $692.33.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.41). The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business’s quarterly revenue was up 18.7% on a year-over-year basis. Research analysts anticipate that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. 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.