Hanseatic Management Services Inc. Purchases Shares of 1,128 Ubiquiti Inc. $UI

Hanseatic Management Services Inc. acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,128 shares of the company’s stock, valued at approximately $891,000.

Several other hedge funds also recently modified their holdings of UI. Goldman Sachs Group Inc. boosted its holdings in shares of Ubiquiti by 33.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after acquiring an additional 8,551 shares in the last quarter. Woodline Partners LP increased 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 purchasing an additional 220 shares in the last quarter. Jane Street Group LLC raised its position in Ubiquiti by 12.9% in the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after purchasing an additional 1,570 shares during the last quarter. Cetera Investment Advisers bought a new position in Ubiquiti in the 2nd quarter valued at $312,000. Finally, Legal & General Group Plc boosted its stake in Ubiquiti by 23.2% in the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock worth $326,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. BWS Financial reiterated a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research report on Wednesday, July 8th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Barclays raised their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $750.67.

Ubiquiti Stock Performance

NYSE:UI opened at $545.69 on Friday. The company has a market cap of $33.03 billion, a price-to-earnings ratio of 35.07 and a beta of 1.31. The stock’s fifty day moving average price is $576.75 and its two-hundred day moving average price is $690.20. Ubiquiti Inc. has a 52-week low of $380.00 and a 52-week high of $1,099.99.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.41). The firm had revenue of $788.20 million during 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%. Ubiquiti’s quarterly revenue was up 18.7% on a year-over-year basis. On average, equities analysts predict that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 dividend payout ratio (DPR) is currently 20.57%.

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.