1,239 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,239 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds have also modified their holdings of UI. Arrowstreet Capital Limited Partnership raised its position in shares of Ubiquiti by 926.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company’s stock valued at $37,609,000 after buying an additional 102,268 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Ubiquiti by 100.1% in the fourth quarter. AQR Capital Management LLC now owns 99,199 shares of the company’s stock valued at $32,927,000 after purchasing an additional 49,616 shares during the period. Norges Bank purchased a new stake in shares of Ubiquiti in the fourth quarter valued at about $16,166,000. Proficio Capital Partners LLC purchased a new stake in shares of Ubiquiti in the fourth quarter valued at about $15,425,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Ubiquiti by 95.0% in the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock valued at $20,522,000 after purchasing an additional 30,118 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Trading Down 0.8%

NYSE UI opened at $418.47 on Friday. The firm’s 50-day moving average is $324.29 and its two-hundred day moving average is $339.94. Ubiquiti Inc. has a 12 month low of $138.74 and a 12 month high of $469.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The stock has a market capitalization of $25.31 billion, a P/E ratio of 56.86 and a beta of 1.32.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the previous year, the company earned $1.36 EPS. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be given a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. Ubiquiti’s payout ratio is currently 26.43%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UI. BWS Financial reissued a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday. Barclays upped their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the company an “underweight” rating in a report on Monday.

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.