Corient Private Wealth LP Acquires New Shares in Ubiquiti Inc. $UI

Corient Private Wealth LP acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,872 shares of the company’s stock, valued at approximately $3,165,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vision Retirement LLC acquired a new position in Ubiquiti in the first quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Ubiquiti during the third quarter worth about $34,000. Compass Financial Management LLC acquired a new stake in shares of Ubiquiti during the second quarter worth about $35,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC lifted its holdings in shares of Ubiquiti by 50.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after purchasing an additional 25 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. BWS Financial reaffirmed a “buy” rating and issued a $980.00 price target on shares of Ubiquiti in a research note on Thursday, August 27th. Finally, Barclays reduced their price target on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ubiquiti has an average rating of “Hold” and an average target price of $734.50.

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $586.09 on Wednesday. The firm has a market cap of $35.48 billion, a PE ratio of 36.98 and a beta of 1.31. The business’s 50 day simple moving average is $554.02 and its 200 day simple moving average is $688.28. Ubiquiti Inc. has a 52-week low of $505.73 and a 52-week high of $1,099.99.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, August 21st. The company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.70. The firm had revenue of $937.32 million during the quarter, compared to the consensus estimate of $850.50 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%.During the same quarter in the prior year, the firm posted $4.41 EPS. As a group, equities research analysts predict that Ubiquiti Inc. will post 15.53 EPS for the current year.

Ubiquiti Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be given a $1.00 dividend. This is a boost from Ubiquiti’s previous quarterly dividend of $0.80. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Ubiquiti’s payout ratio is presently 25.24%.

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.