Ubiquiti Inc. $UI Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its stake in Ubiquiti Inc. (NYSE:UI) by 22.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,591 shares of the company’s stock after buying an additional 837 shares during the period. Assetmark Inc.’s holdings in Ubiquiti were worth $2,540,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UI. Wealth Enhancement Advisory Services LLC increased its position in shares of Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock valued at $88,815,000 after acquiring an additional 110,632 shares during the last quarter. Capital World Investors lifted its holdings in shares of Ubiquiti by 315.9% in the 3rd quarter. Capital World Investors now owns 86,086 shares of the company’s stock worth $56,867,000 after acquiring an additional 65,386 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 period. Qube Research & Technologies Ltd boosted its position in shares of Ubiquiti by 380.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after purchasing an additional 42,092 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Ubiquiti by 40.3% in the 3rd quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after purchasing an additional 30,420 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

NYSE UI opened at $1,086.36 on Monday. The firm has a market cap of $65.75 billion, a price-to-earnings ratio of 74.00 and a beta of 1.32. The firm has a 50 day simple moving average of $801.18 and a 200-day simple moving average of $677.25. Ubiquiti Inc. has a one year low of $282.82 and a one year high of $1,088.18.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The firm had revenue of $814.87 million for the quarter, compared to the consensus estimate of $716.95 million. During the same period in the prior year, the firm earned $2.28 EPS. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. Equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.3%. Ubiquiti’s dividend payout ratio is 21.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UI. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday. Barclays raised their price target on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. BWS Financial lifted their price objective on Ubiquiti from $720.00 to $980.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ubiquiti presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.33.

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.