Segment Wealth Management LLC Makes New Investment in Ubiquiti Inc. $UI

Segment Wealth Management LLC purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,034 shares of the company’s stock, valued at approximately $2,004,000.

Several other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Ubiquiti by 133.9% during the first quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock valued at $70,521,000 after buying an additional 132,816 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ubiquiti by 24.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock worth $45,782,000 after acquiring an additional 21,547 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Ubiquiti by 40.3% during the 3rd 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 period. Geode Capital Management LLC increased its stake in shares of Ubiquiti by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock worth $28,886,000 after purchasing an additional 3,094 shares in the last quarter. Finally, Long Walk Management LP purchased a new stake in shares of Ubiquiti in the 2nd quarter worth $28,480,000. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UI shares. BWS Financial reiterated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research report on Tuesday, November 11th. Weiss Ratings downgraded Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 22nd. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Barclays increased their target price on shares of Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.67.

Insider Activity at Ubiquiti

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

Ubiquiti Stock Down 0.4%

NYSE UI opened at $568.24 on Tuesday. Ubiquiti Inc. has a twelve month low of $255.00 and a twelve month high of $803.59. The business has a 50-day moving average price of $614.03 and a 200-day moving average price of $549.93. The firm has a market cap of $34.38 billion, a price-to-earnings ratio of 43.44 and a beta of 1.38.

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

Ubiquiti Announces Dividend

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

About Ubiquiti

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.