UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Ubiquiti Inc. (NYSE:UI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Ubiquiti Inc. (NYSE:UI) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,443 shares of the company’s stock after selling 50 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ubiquiti were worth $763,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UI. Huntington National Bank boosted its stake in shares of Ubiquiti by 267.6% in the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after buying an additional 91 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in Ubiquiti in the third quarter worth about $47,000. nVerses Capital LLC bought a new stake in shares of Ubiquiti during the 2nd quarter valued at about $44,000. Hanseatic Management Services Inc. purchased a new stake in shares of Ubiquiti during the 3rd quarter valued at about $76,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ubiquiti in the 3rd quarter worth approximately $126,000. Institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

UI has been the subject of several recent research reports. StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. BWS Financial upped their price objective on Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Barclays boosted their price target on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th.

Ubiquiti Price Performance

Shares of NYSE:UI opened at $335.23 on Friday. The company has a market capitalization of $20.27 billion, a P/E ratio of 51.89 and a beta of 1.12. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $366.33. The firm’s 50 day simple moving average is $307.76 and its two-hundred day simple moving average is $223.22. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, November 18th. Ubiquiti’s dividend payout ratio is currently 37.15%.

Ubiquiti 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.