Gotham Asset Management LLC Has $35.92 Million Stock Holdings in Ubiquiti Inc. $UI

Gotham Asset Management LLC boosted its stake in Ubiquiti Inc. (NYSE:UI) by 25.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,377 shares of the company’s stock after buying an additional 10,994 shares during the quarter. Gotham Asset Management LLC’s holdings in Ubiquiti were worth $35,920,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Ubiquiti by 47.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock worth $108,309,000 after acquiring an additional 52,744 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Ubiquiti by 40.3% during the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after acquiring an additional 30,420 shares in the last quarter. Vanguard Group Inc. boosted its position in Ubiquiti by 10.8% during the third quarter. Vanguard Group Inc. now owns 95,561 shares of the company’s stock valued at $63,126,000 after purchasing an additional 9,282 shares during the last quarter. Capital World Investors boosted its position in Ubiquiti by 315.9% during the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock valued at $56,867,000 after purchasing an additional 65,386 shares during the last quarter. Finally, Long Walk Management LP grew its stake in Ubiquiti by 22.0% in the third quarter. Long Walk Management LP now owns 84,400 shares of the company’s stock valued at $55,753,000 after purchasing an additional 15,215 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UI shares. Barclays upped their target price on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. BWS Financial reaffirmed a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. Finally, Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ubiquiti presently has a consensus rating of “Moderate Buy” and an average target price of $615.67.

Ubiquiti Price Performance

NYSE UI opened at $756.72 on Monday. Ubiquiti Inc. has a fifty-two week low of $255.00 and a fifty-two week high of $803.59. The stock’s 50-day moving average is $652.80 and its two-hundred day moving average is $632.67. The firm has a market cap of $45.80 billion, a P/E ratio of 51.55 and a beta of 1.32.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, topping 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 return on equity of 113.21% and a net margin of 29.90%.The firm’s revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 EPS. On average, equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

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

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.