Allianz Asset Management GmbH Takes $519,000 Position in Ubiquiti Inc. $UI

Allianz Asset Management GmbH purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 786 shares of the company’s stock, valued at approximately $519,000.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position in Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after buying an additional 18 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of Ubiquiti by 2.2% during the third quarter. Baron Wealth Management LLC now owns 947 shares of the company’s stock worth $626,000 after purchasing an additional 20 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Ubiquiti by 2.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,025 shares of the company’s stock worth $422,000 after acquiring an additional 25 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Ubiquiti by 2.6% in the 2nd quarter. M&T Bank Corp now owns 1,204 shares of the company’s stock valued at $495,000 after purchasing an additional 30 shares in the last quarter. Finally, Financial Perspectives Inc raised its stake in Ubiquiti by 21.9% during the second quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock worth $85,000 after acquiring an additional 37 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Trading Up 1.7%

Shares of NYSE:UI opened at $718.28 on Friday. The company has a 50-day moving average price of $578.53 and a 200 day moving average price of $589.27. The company has a market cap of $43.47 billion, a price-to-earnings ratio of 48.93 and a beta of 1.40. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $803.59.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 EPS. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, February 17th. Ubiquiti’s dividend payout ratio is presently 21.80%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UI. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Barclays lifted their price objective on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Finally, BWS Financial reiterated a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $615.67.

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.