Corient Private Wealth LLC Boosts Holdings in Ubiquiti Inc. $UI

Corient Private Wealth LLC raised its holdings in Ubiquiti Inc. (NYSE:UI) by 73,940.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,568 shares of the company’s stock after purchasing an additional 1,112,064 shares during the period. Corient Private Wealth LLC’s holdings in Ubiquiti were worth $616,193,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of Ubiquiti by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after purchasing an additional 8,551 shares in the last quarter. Woodline Partners LP grew its holdings in Ubiquiti by 22.1% during the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after buying an additional 220 shares during the last quarter. Jane Street Group LLC increased its position in Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after buying an additional 1,570 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Ubiquiti in the second quarter worth $312,000. Finally, Legal & General Group Plc lifted its position in shares of Ubiquiti by 23.2% in the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock valued at $326,000 after acquiring an additional 149 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Trading Up 4.8%

NYSE UI opened at $590.10 on Friday. The business’s 50-day moving average price is $763.77 and its 200 day moving average price is $694.62. Ubiquiti Inc. has a twelve month low of $368.42 and a twelve month high of $1,099.99. The company has a market capitalization of $35.71 billion, a PE ratio of 37.92 and a beta of 1.29.

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). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Equities analysts predict that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is 20.57%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays upped their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BWS Financial reissued a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $750.67.

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.