Ubiquiti Inc. $UI Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Ubiquiti Inc. (NYSE:UI) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 183,464 shares of the company’s stock after purchasing an additional 19,504 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Ubiquiti were worth $101,520,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in UI. Kestra Advisory Services LLC raised its position in shares of Ubiquiti by 6.9% during the 4th quarter. Kestra Advisory Services LLC now owns 513 shares of the company’s stock valued at $284,000 after acquiring an additional 33 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ubiquiti in the fourth quarter worth $5,250,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Ubiquiti by 216.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after purchasing an additional 54 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at $755,000. Finally, Walleye Capital LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at $4,449,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Down 2.0%

UI opened at $576.93 on Tuesday. The firm has a market capitalization of $34.92 billion, a P/E ratio of 37.08 and a beta of 1.30. The stock’s 50 day moving average price is $779.85 and its two-hundred day moving average price is $694.80. Ubiquiti Inc. has a 12-month low of $368.42 and a 12-month high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm had revenue of $788.20 million during the quarter, compared to the consensus estimate of $814.30 million. The company’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a $0.80 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Wall Street Analysts Forecast Growth

UI has been the subject of several research analyst reports. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Barclays increased their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BWS Financial reaffirmed a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $750.67.

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.