SP Asset Management LLC Acquires New Holdings in Ubiquiti Inc. $UI

SP Asset Management LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,300 shares of the company’s stock, valued at approximately $859,000.

A number of other large investors also recently modified their holdings of the company. Long Walk Management LP bought a new stake in shares of Ubiquiti during the second quarter worth about $28,480,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ubiquiti by 1,709.2% during 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 period. Qube Research & Technologies Ltd grew its position in shares of Ubiquiti by 380.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after buying an additional 42,092 shares during the last quarter. Rhumbline Advisers raised its position in shares of Ubiquiti by 856.8% during 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 last quarter. 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 during the last quarter. 4.00% of the stock is currently owned by institutional investors.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $576.58, for a total transaction of $201,803.00. Following the transaction, the chief accounting officer directly owned 2,768 shares of the company’s stock, valued at approximately $1,595,973.44. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 93.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Barclays boosted their target price on Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a research report on Tuesday, November 11th. Finally, BWS Financial reiterated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ubiquiti currently has an average rating of “Moderate Buy” and a consensus target price of $591.67.

Ubiquiti Stock Down 1.0%

UI stock opened at $545.88 on Tuesday. The stock’s 50 day moving average is $563.73 and its 200-day moving average is $577.39. Ubiquiti Inc. has a twelve month low of $255.00 and a twelve month high of $803.59. The firm has a market capitalization of $33.03 billion, a PE ratio of 41.73 and a beta of 1.40.

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

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 0.6%. Ubiquiti’s dividend payout ratio is currently 24.46%.

Ubiquiti Company 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.