AXQ Capital LP Has $650,000 Holdings in Ubiquiti Inc. $UI

AXQ Capital LP cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 984 shares of the company’s stock after selling 944 shares during the period. AXQ Capital LP’s holdings in Ubiquiti were worth $650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in Ubiquiti by 31.0% in 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 in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Ubiquiti by 200.0% in the second quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after buying an additional 110 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Ubiquiti by 100.0% in the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Ubiquiti by 31.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $94,000 after buying an additional 34 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Ubiquiti by 42.4% during the 2nd quarter. Amalgamated Bank now owns 373 shares of the company’s stock worth $154,000 after buying an additional 111 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI stock opened at $758.94 on Wednesday. The firm’s 50 day moving average price is $599.85 and its two-hundred day moving average price is $604.11. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59. The stock has a market cap of $45.93 billion, a PE ratio of 51.70 and a beta of 1.40.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results 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. 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 the consensus estimate of $716.95 million. During the same quarter in the prior year, the business posted $2.28 EPS. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. As a group, sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on UI. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays raised their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday, February 6th. BWS Financial restated a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.