Ubiquiti Inc. $UI Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in Ubiquiti Inc. (NYSE:UI) by 31.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,505 shares of the company’s stock after buying an additional 1,327 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ubiquiti were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after acquiring an additional 18 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Ubiquiti by 200.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after purchasing an additional 110 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Ubiquiti by 31.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $94,000 after purchasing an additional 34 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Ubiquiti by 135.0% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 242 shares of the company’s stock worth $160,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Ubiquiti stock opened at $756.72 on Friday. The firm has a market capitalization of $45.80 billion, a PE ratio of 51.55 and a beta of 1.33. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $803.59. The stock’s 50 day moving average price is $652.80 and its 200 day moving average price is $631.24.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.80. The company had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. Ubiquiti’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. On average, analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Ubiquiti’s dividend payout ratio (DPR) is presently 21.80%.

Wall Street Analysts Forecast Growth

UI has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. BWS Financial reiterated a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research note on Monday, February 9th. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Barclays raised their target price on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Finally, Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, Ubiquiti currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.67.

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.