Strs Ohio Decreases Stock Holdings in Ubiquiti Inc. $UI

Strs Ohio lowered its position in shares of Ubiquiti Inc. (NYSE:UI) by 95.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101 shares of the company’s stock after selling 2,144 shares during the period. Strs Ohio’s holdings in Ubiquiti were worth $67,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Long Walk Management LP purchased a new stake in shares of Ubiquiti during the second quarter worth about $28,480,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Ubiquiti by 1,709.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock worth $30,423,000 after buying an additional 42,781 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Ubiquiti by 380.4% during the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after acquiring an additional 42,092 shares in the last quarter. Rhumbline Advisers lifted its stake in Ubiquiti by 856.8% in the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock worth $17,613,000 after acquiring an additional 38,315 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Ubiquiti by 40.3% in the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after acquiring an additional 30,420 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the sale, the chief accounting officer owned 2,768 shares of the company’s stock, valued at $1,595,973.44. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 93.10% of the company’s stock.

Ubiquiti Price Performance

Shares of NYSE:UI opened at $549.64 on Thursday. Ubiquiti Inc. has a 1-year low of $255.00 and a 1-year high of $803.59. The business has a fifty day moving average price of $563.16 and a 200-day moving average price of $577.95. The company has a market capitalization of $33.25 billion, a PE ratio of 42.02 and a beta of 1.40.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.98. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. The firm had revenue of $733.77 million for the quarter, compared to the consensus estimate of $702.38 million. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. Ubiquiti’s dividend payout ratio is presently 24.46%.

Analysts Set New Price Targets

UI has been the topic of a number of research reports. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. BWS Financial restated a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research report on Thursday, January 15th. Barclays upped their price target on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ubiquiti currently has a consensus rating of “Moderate Buy” and an average price target of $591.67.

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.