Vanguard Group Inc. Purchases 1,382 Shares of Ubiquiti Inc. $UI

Vanguard Group Inc. lifted its position in shares of Ubiquiti Inc. (NYSE:UI) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 96,943 shares of the company’s stock after buying an additional 1,382 shares during the quarter. Vanguard Group Inc.’s holdings in Ubiquiti were worth $53,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UI. Blue Trust Inc. increased its position in shares of Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after acquiring an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC bought a new stake in shares of Ubiquiti during the third quarter valued at approximately $33,000. Quarry LP bought a new stake in shares of Ubiquiti during the third quarter valued at approximately $34,000. Flagship Harbor Advisors LLC bought a new stake in shares of Ubiquiti during the fourth quarter valued at approximately $65,000. Finally, Westside Investment Management Inc. increased its position in shares of Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BWS Financial reissued a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays lifted their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday. Weiss Ratings raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Trading Down 5.4%

NYSE:UI opened at $624.13 on Friday. Ubiquiti Inc. has a 12 month low of $368.42 and a 12 month high of $1,099.99. The company has a market cap of $37.77 billion, a PE ratio of 40.11 and a beta of 1.46. The company has a 50 day simple moving average of $862.64 and a two-hundred day simple moving average of $702.96.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The company had revenue of $788.20 million during the quarter, compared to the consensus estimate of $814.30 million. The firm’s revenue was up 18.7% on a year-over-year basis. Research analysts forecast that Ubiquiti Inc. will post 14.04 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Ubiquiti 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.