Versor Investments LP Decreases Position in Ubiquiti Inc. $UI

Versor Investments LP trimmed its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 63.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,046 shares of the company’s stock after selling 1,854 shares during the period. Versor Investments LP’s holdings in Ubiquiti were worth $691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ubiquiti by 24.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock valued at $45,782,000 after acquiring an additional 21,547 shares during the last quarter. Pacer Advisors Inc. increased its stake in Ubiquiti by 40.3% in the 3rd quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after purchasing an additional 30,420 shares during the period. Geode Capital Management LLC lifted its position in Ubiquiti by 4.6% in the second quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock valued at $28,886,000 after purchasing an additional 3,094 shares during the last quarter. Long Walk Management LP purchased a new stake in shares of Ubiquiti during the second quarter valued at approximately $28,480,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Ubiquiti by 380.4% in the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after purchasing an additional 42,092 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on UI. BWS Financial reiterated a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Barclays raised their target price on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. Finally, Zacks Research upgraded 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 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Trading Down 0.5%

Shares of NYSE UI opened at $714.72 on Thursday. The firm has a fifty day simple moving average of $572.98 and a two-hundred day simple moving average of $585.69. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $803.59. The firm has a market capitalization of $43.26 billion, a PE ratio of 48.69 and a beta of 1.40.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results 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. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The company had revenue of $814.87 million for the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter in the previous year, the company earned $2.28 earnings per share. Ubiquiti’s quarterly revenue was up 35.8% on a year-over-year basis. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

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

Ubiquiti 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.