Jupiter Asset Management Ltd. Invests $1.13 Million in Ubiquiti Inc. $UI

Jupiter Asset Management Ltd. acquired a new stake in Ubiquiti Inc. (NYSE:UI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,706 shares of the company’s stock, valued at approximately $1,127,000.

A number of other large investors also recently bought and sold shares of UI. Long Walk Management LP acquired a new stake in shares of Ubiquiti during the second quarter valued at about $28,480,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ubiquiti by 1,709.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock worth $30,423,000 after purchasing an additional 42,781 shares during the period. Qube Research & Technologies Ltd increased its holdings in Ubiquiti by 380.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after purchasing an additional 42,092 shares during the last quarter. Rhumbline Advisers raised its position in Ubiquiti by 856.8% in the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after purchasing an additional 38,315 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Ubiquiti by 40.3% during the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after purchasing an additional 30,420 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Up 4.4%

NYSE UI opened at $750.16 on Monday. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59. The firm has a 50 day moving average of $592.42 and a two-hundred day moving average of $600.22. The stock has a market capitalization of $45.40 billion, a PE ratio of 51.10 and a beta of 1.40.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.80. The business 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 company’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 EPS. On average, equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.