Ubiquiti (NYSE:UI) Price Target Lowered to $222.00 at Barclays

Ubiquiti (NYSE:UI) had its price objective trimmed by Barclays from $236.00 to $222.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

UI has been the subject of a number of other reports. BWS Financial raised their target price on Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Trading Down 5.8 %

Ubiquiti stock opened at $367.24 on Monday. The business has a 50 day moving average price of $369.19 and a two-hundred day moving average price of $282.06. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $469.98. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 56.85 and a beta of 1.14.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. As a group, equities analysts forecast that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.65%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Hedge Funds Weigh In On Ubiquiti

Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Ubiquiti during the 4th quarter worth approximately $15,425,000. Zacks Investment Management bought a new stake in shares of Ubiquiti during the third quarter worth $8,892,000. Pacer Advisors Inc. acquired a new stake in shares of Ubiquiti during the third quarter worth $7,030,000. Wealthfront Advisers LLC bought a new stake in Ubiquiti in the 4th quarter valued at $9,274,000. Finally, Los Angeles Capital Management LLC acquired a new position in Ubiquiti in the 4th quarter worth $8,619,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

About Ubiquiti

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.