Ubiquiti Inc. $UI Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd reduced its position in Ubiquiti Inc. (NYSE:UI) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,866 shares of the company’s stock after selling 1,639 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ubiquiti were worth $2,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UI. Blue Trust Inc. lifted its stake in Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in Ubiquiti in the third quarter valued at approximately $33,000. Quarry LP purchased a new stake in Ubiquiti in the third quarter valued at approximately $34,000. Flagship Harbor Advisors LLC purchased a new stake in Ubiquiti in the fourth quarter valued at approximately $65,000. Finally, Westside Investment Management Inc. lifted its stake in 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. 4.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on UI. Barclays upped their price target on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. BWS Financial restated a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research note on Monday, May 11th. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ubiquiti has a consensus rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Stock Performance

Ubiquiti stock opened at $566.62 on Friday. The firm has a market capitalization of $34.29 billion, a price-to-earnings ratio of 36.42 and a beta of 1.29. Ubiquiti Inc. has a fifty-two week low of $368.42 and a fifty-two week high of $1,099.99. The stock’s fifty day moving average is $805.93 and its two-hundred day moving average is $692.33.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a $0.80 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.20 annualized dividend and a yield of 0.6%. Ubiquiti’s payout ratio is 20.57%.

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.