908 Shares in Ubiquiti Inc. $UI Bought by Eurizon Capital SGR S.p.A.

by · The Markets Daily

Eurizon Capital SGR S.p.A. bought a new position in Ubiquiti Inc. (NYSE:UI – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 908 shares of the company’s stock, valued at approximately $502,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the period. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti in the 3rd quarter worth $33,000. Quarry LP purchased a new position in Ubiquiti in the 3rd quarter worth $34,000. Westside Investment Management Inc. raised its position in Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after purchasing an additional 51 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in Ubiquiti in the 4th quarter worth $65,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. BWS Financial reissued a “buy” rating and issued a $980.00 price target on shares of Ubiquiti in a report on Monday, May 11th. Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $750.67.

Check Out Our Latest Stock Analysis on UI

Ubiquiti Trading Down 2.4%

UI stock opened at $574.17 on Thursday. The firm’s 50-day moving average price is $816.46 and its two-hundred day moving average price is $693.06. Ubiquiti Inc. has a 12-month low of $368.42 and a 12-month high of $1,099.99. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 36.90 and a beta of 1.29.

Ubiquiti (NYSE:UI – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The firm had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts predict that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Dividend Announcement

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 payout ratio is presently 20.57%.

Ubiquiti Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding UI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ubiquiti Inc. (NYSE:UI – Free Report).