Man Group plc Takes Position in Ubiquiti Inc. $UI

Man Group plc acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,915 shares of the company’s stock, valued at approximately $3,159,000.

Several other hedge funds have also added to or reduced their stakes in UI. Corient Private Wealth LLC lifted its holdings in Ubiquiti by 73,940.4% in the fourth quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock valued at $616,193,000 after buying an additional 1,112,064 shares during the period. BlackRock Inc. bought a new position in shares of Ubiquiti in the 2nd quarter worth about $163,010,000. Bank of New York Mellon Corp acquired a new position in shares of Ubiquiti in the 2nd quarter valued at about $30,086,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ubiquiti by 47.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock valued at $108,309,000 after purchasing an additional 52,744 shares during the period. Finally, Norges Bank bought a new stake in shares of Ubiquiti during the 4th quarter valued at about $28,527,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $589.75 on Tuesday. The business has a 50-day simple moving average of $553.57 and a 200 day simple moving average of $689.18. Ubiquiti Inc. has a one year low of $505.73 and a one year high of $1,099.99. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 37.21 and a beta of 1.31.

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

Ubiquiti Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Ubiquiti’s previous quarterly dividend of $0.80. Ubiquiti’s payout ratio is 20.19%.

Wall Street Analysts Forecast Growth

UI has been the subject of several recent analyst reports. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Barclays cut their price target on Ubiquiti from $672.00 to $489.00 and set an “underweight” rating on the stock in a report on Monday, August 24th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $734.50.

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.