Northwestern Mutual Wealth Management Co. Makes New $2.20 Million Investment in Ubiquiti Inc. $UI

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,122 shares of the company’s stock, valued at approximately $2,201,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UI. Vision Retirement LLC acquired a new position in shares of Ubiquiti during the 1st quarter valued at about $25,000. Quarry LP bought a new stake in Ubiquiti during the third quarter worth approximately $34,000. CIBC Private Wealth Group LLC boosted its position in Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the period. Cherry Tree Wealth Management LLC grew its holdings in Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after purchasing an additional 25 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Ubiquiti by 216.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Trading Down 1.1%

Shares of UI stock opened at $552.97 on Tuesday. Ubiquiti Inc. has a 12 month low of $505.73 and a 12 month high of $1,099.99. The stock has a 50 day moving average of $552.26 and a two-hundred day moving average of $690.77. The company has a market capitalization of $33.47 billion, a P/E ratio of 34.89 and a beta of 1.31.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, August 21st. The company reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.70. Ubiquiti had a net margin of 29.33% and a return on equity of 94.52%. The firm had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. During the same quarter in the previous year, the firm posted $4.41 EPS. Sell-side analysts predict that Ubiquiti Inc. will post 15.53 earnings per share for the current fiscal year.

Ubiquiti Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Ubiquiti’s previous quarterly dividend of $0.80. Ubiquiti’s payout ratio is currently 20.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UI. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Barclays dropped their target price on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating on the stock in a report on Monday. BWS Financial reissued a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $734.50.

About Ubiquiti

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.