Ubiquiti Inc. $UI Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its stake in shares of Ubiquiti Inc. (NYSE:UI) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,085 shares of the company’s stock after acquiring an additional 296 shares during the quarter. CreativeOne Wealth LLC’s holdings in Ubiquiti were worth $447,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SW Investment Management LLC grew its position in Ubiquiti by 7.4% during the 1st quarter. SW Investment Management LLC now owns 290,000 shares of the company’s stock worth $89,941,000 after purchasing an additional 20,000 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Ubiquiti by 133.9% during the first quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock worth $70,521,000 after buying an additional 132,816 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 3,094 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Ubiquiti during the first quarter valued at $18,897,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Ubiquiti by 139.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 45,142 shares of the company’s stock valued at $14,000,000 after acquiring an additional 26,309 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UI has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research report on Tuesday. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Barclays upped their target price on Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a research report on Tuesday, November 11th. Finally, UBS Group set a $600.00 price target on shares of Ubiquiti in a report on Monday, August 25th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ubiquiti currently has an average rating of “Hold” and a consensus target price of $591.67.

Insider Activity

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

Ubiquiti Stock Up 1.4%

Shares of UI stock opened at $583.09 on Friday. The stock has a market cap of $35.28 billion, a PE ratio of 49.54 and a beta of 1.50. The business has a 50-day simple moving average of $662.86 and a 200-day simple moving average of $525.06. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, November 7th. The company reported $3.46 EPS for the quarter, topping the consensus estimate of $2.48 by $0.98. The firm had revenue of $733.77 million for the quarter, compared to analyst estimates of $702.38 million. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%. Sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. Ubiquiti’s payout ratio is 24.46%.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.