Legal & General Group Plc Makes New $8.87 Million Investment in Ubiquiti Inc. $UI

Legal & General Group Plc purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,602 shares of the company’s stock, valued at approximately $8,867,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vision Retirement LLC acquired a new stake in shares of Ubiquiti in the 1st quarter valued at about $25,000. Quarry LP acquired a new position in Ubiquiti during the 3rd quarter worth approximately $34,000. Compass Financial Management LLC bought a new position in Ubiquiti in the second quarter worth approximately $35,000. CIBC Private Wealth Group LLC boosted its holdings in Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC grew its stake in Ubiquiti by 50.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UI. BWS Financial restated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Thursday, August 27th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Barclays decreased their price target on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a research note on Monday, August 24th. Finally, Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $734.50.

Ubiquiti Price Performance

UI opened at $586.09 on Wednesday. The company’s 50-day moving average is $554.02 and its 200 day moving average is $688.28. Ubiquiti Inc. has a fifty-two week low of $505.73 and a fifty-two week high of $1,099.99. The firm has a market capitalization of $35.48 billion, a P/E ratio of 36.98 and a beta of 1.31.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, August 21st. The company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.70. The business had revenue of $937.32 million during the quarter, compared to the consensus estimate of $850.50 million. Ubiquiti had a net margin of 29.33% and a return on equity of 85.57%. During the same period in the prior year, the firm posted $4.41 EPS. On average, equities research analysts expect that Ubiquiti Inc. will post 15.53 earnings per share for the current year.

Ubiquiti Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be issued a $1.00 dividend. This is a boost from Ubiquiti’s previous quarterly dividend of $0.80. This represents a $4.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. Ubiquiti’s dividend payout ratio is currently 25.24%.

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.