1,880 Shares in Ubiquiti Inc. $UI Bought by Plum Street Advisors LLC

Plum Street Advisors LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,880 shares of the company’s stock, valued at approximately $1,242,000.

Several other institutional investors and hedge funds also recently modified their holdings of UI. Long Walk Management LP purchased a new stake in shares of Ubiquiti during the second quarter valued at approximately $28,480,000. Capital World Investors boosted its stake in shares of Ubiquiti by 315.9% in the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock valued at $56,867,000 after purchasing an additional 65,386 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Ubiquiti by 47.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock valued at $108,309,000 after buying an additional 52,744 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ubiquiti by 1,709.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock valued at $30,423,000 after acquiring an additional 42,781 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake 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. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Up 0.9%

NYSE:UI opened at $756.72 on Friday. The company has a market cap of $45.80 billion, a PE ratio of 51.55 and a beta of 1.33. The business’s 50 day moving average is $652.80 and its two-hundred day moving average is $631.24. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59.

Ubiquiti (NYSE:UI) last issued 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. 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%.The business’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 EPS. As a group, sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on UI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Barclays upped their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, BWS Financial restated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.