Ubiquiti Inc. $UI Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in Ubiquiti Inc. (NYSE:UI) by 40.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,858 shares of the company’s stock after buying an additional 30,420 shares during the period. Pacer Advisors Inc.’s holdings in Ubiquiti were worth $69,928,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UI. Cullen Frost Bankers Inc. raised its stake in Ubiquiti by 1,075.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after acquiring an additional 86 shares during the last quarter. Main Street Group LTD acquired a new position in shares of Ubiquiti in the second quarter valued at about $41,000. Exchange Traded Concepts LLC increased its holdings in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares during the period. Iron Horse Wealth Management LLC purchased a new position in shares of Ubiquiti in the second quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Ubiquiti by 20.5% during the second quarter. GAMMA Investing LLC now owns 159 shares of the company’s stock worth $65,000 after purchasing an additional 27 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Stock Down 0.3%

UI stock opened at $571.23 on Friday. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59. The firm has a market cap of $34.56 billion, a P/E ratio of 43.67 and a beta of 1.38. The company’s 50-day simple moving average is $620.97 and its 200-day simple moving average is $545.61.

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

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is 24.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UI shares. BWS Financial reissued a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research report on Tuesday, November 11th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Barclays boosted their price objective on Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Finally, Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $591.67.

Insider Transactions at Ubiquiti

In related news, CAO Kevin Radigan sold 350 shares of Ubiquiti stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the sale, the chief accounting officer 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 93.10% of the company’s stock.

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.