Ubiquiti Inc. $UI Shares Sold by Dakota Wealth Management

Dakota Wealth Management lowered its stake in shares of Ubiquiti Inc. (NYSE:UI) by 68.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,002 shares of the company’s stock after selling 2,210 shares during the quarter. Dakota Wealth Management’s holdings in Ubiquiti were worth $554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC acquired a new stake in Ubiquiti during the 3rd quarter worth approximately $33,000. Quarry LP acquired a new position in shares of Ubiquiti in the third quarter valued at approximately $34,000. Exchange Traded Concepts LLC raised its stake in shares of 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 purchasing an additional 18 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after purchasing an additional 51 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ubiquiti by 31.5% during the third quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $94,000 after purchasing an additional 34 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Stock Performance

Shares of UI stock opened at $736.93 on Tuesday. The stock has a fifty day moving average price of $702.70 and a 200 day moving average price of $650.07. The stock has a market cap of $44.60 billion, a PE ratio of 50.20 and a beta of 1.32. Ubiquiti Inc. has a 1 year low of $255.00 and a 1 year high of $854.00.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company had revenue of $814.87 million for the quarter, compared to analyst estimates of $716.95 million. During the same quarter in the prior year, the company earned $2.28 earnings per share. Ubiquiti’s revenue was up 35.8% compared to the same quarter last year. As a group, equities research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Ubiquiti’s dividend payout ratio is presently 21.80%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UI shares. 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 report on Friday, February 6th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings raised shares of Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, BWS Financial reissued a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.