Vanguard Personalized Indexing Management LLC Increases Stock Position in Ubiquiti Inc. $UI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Ubiquiti Inc. by 72.8%, now owning 1,317 shares valued at approximately $543,000.
• The company recently raised its quarterly dividend to $0.80 per share, reflecting an annualized dividend of $3.20 and a yield of 0.4%.
• Ubiquiti's stock has experienced significant price targets revisions, with BWS Financial raising its target from $600 to $720, indicating a positive outlook for the stock.

Vanguard Personalized Indexing Management LLC raised its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 72.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,317 shares of the company's stock after purchasing an additional 555 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Ubiquiti were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. SW Investment Management LLC boosted its stake in shares of Ubiquiti by 7.4% during the 1st quarter. SW Investment Management LLC now owns 290,000 shares of the company's stock worth $89,941,000 after acquiring an additional 20,000 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ubiquiti by 133.9% during the 1st quarter. AQR Capital Management LLC now owns 232,015 shares of the company's stock worth $70,521,000 after acquiring an additional 132,816 shares in the last quarter. TD Asset Management Inc purchased a new stake in shares of Ubiquiti during the 1st quarter worth approximately $34,013,000. Pacer Advisors Inc. boosted its stake in shares of Ubiquiti by 76.2% during the 1st quarter. Pacer Advisors Inc. now owns 108,934 shares of the company's stock worth $33,785,000 after acquiring an additional 47,109 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Ubiquiti during the 1st quarter worth approximately $18,897,000. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on UI. Weiss Ratings reissued a "hold (c+)" rating on shares of Ubiquiti in a research note on Wednesday, October 8th. BWS Financial boosted their price target on Ubiquiti from $600.00 to $720.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Barclays boosted their price target on Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a research note on Friday, August 22nd. Finally, UBS Group set a $600.00 price target on Ubiquiti in a research note on Monday, August 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $539.67.

Ubiquiti Stock Down 2.3%

Shares of Ubiquiti stock opened at $718.69 on Wednesday. Ubiquiti Inc. has a fifty-two week low of $245.00 and a fifty-two week high of $773.95. The firm has a market cap of $43.47 billion, a PE ratio of 61.06 and a beta of 1.44. The business's fifty day moving average is $599.10 and its two-hundred day moving average is $461.66.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $3.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%.The company had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. During the same quarter in the prior year, the company posted $1.74 EPS. Equities research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Ubiquiti's previous quarterly dividend of $0.60. Ubiquiti's dividend payout ratio is currently 27.19%.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.

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