Ubiquiti Inc. $UI Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management trimmed its stake in Ubiquiti by 86.4% in Q3, selling 7,492 shares and leaving 1,180 shares valued at about $779,000, according to the SEC filing.
• Ubiquiti reported a strong quarter, beating estimates with EPS of $3.88 (vs. $3.08 expected) and revenue of $814.9M (vs. $716.95M), marking a 35.8% year‑over‑year revenue gain along with a 113.2% ROE and a 29.9% net margin.

Envestnet Asset Management Inc. trimmed its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 86.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,180 shares of the company's stock after selling 7,492 shares during the period. Envestnet Asset Management Inc.'s holdings in Ubiquiti were worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UI. Westside Investment Management Inc. raised its position in shares of Ubiquiti by 100.0% in the third quarter. Westside Investment Management Inc. now owns 102 shares of the company's stock worth $69,000 after acquiring an additional 51 shares during the period. Allianz Asset Management GmbH acquired a new position in Ubiquiti in the 3rd quarter worth about $519,000. SP Asset Management LLC purchased a new position in Ubiquiti during the third quarter worth approximately $859,000. Jones Financial Companies Lllp increased its position in shares of Ubiquiti by 95.4% in the third quarter. Jones Financial Companies Lllp now owns 424 shares of the company's stock valued at $275,000 after buying an additional 207 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Ubiquiti in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Performance

NYSE:UI opened at $799.76 on Thursday. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $803.59. The stock has a market cap of $48.40 billion, a PE ratio of 54.48 and a beta of 1.33. The stock has a 50 day moving average price of $625.25 and a 200 day moving average price of $616.68.

Ubiquiti (NYSE:UI - Get Free Report) last issued its 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. The company had revenue of $814.87 million during the quarter, compared to analysts' expectations of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm's quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. As a group, analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. Ubiquiti's dividend payout ratio is 21.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday. Weiss Ratings reissued a "hold (c+)" rating on shares of Ubiquiti in a research note on Monday, December 29th. Zacks Research raised shares of Ubiquiti from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 3rd. Barclays boosted their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an "underweight" rating in a research note on Friday, February 6th. Finally, BWS Financial restated a "buy" rating and issued a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $615.67.

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.

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