Caprock Group LLC Makes New Investment in Ubiquiti Inc. $UI

Caprock Group LLC bought a new stake in Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,256 shares of the company’s stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 24.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock worth $45,782,000 after purchasing an additional 21,547 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Ubiquiti by 40.3% during the 3rd quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after buying an additional 30,420 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ubiquiti by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock worth $28,886,000 after buying an additional 3,094 shares during the last quarter. Long Walk Management LP acquired a new stake in Ubiquiti in the second quarter valued at about $28,480,000. Finally, Qube Research & Technologies Ltd boosted its stake in Ubiquiti by 380.4% in the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after buying an additional 42,092 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

UI stock opened at $718.28 on Monday. The company has a market capitalization of $43.47 billion, a P/E ratio of 48.93 and a beta of 1.40. The company has a fifty day moving average price of $578.53 and a 200-day moving average price of $590.39. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.Ubiquiti’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 earnings per share. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on UI shares. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Wall Street Zen upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Barclays increased 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. BWS Financial reaffirmed a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research note on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, Ubiquiti presently has a consensus rating of “Moderate Buy” and an average target price of $615.67.

About Ubiquiti

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.