Ubiquiti Inc. (NYSE:UI) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Ubiquiti Inc. (NYSE:UI) by 4,880.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,347 shares of the company’s stock after acquiring an additional 13,079 shares during the quarter. Barclays PLC’s holdings in Ubiquiti were worth $2,959,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MML Investors Services LLC bought a new stake in shares of Ubiquiti during the 3rd quarter valued at about $327,000. XTX Topco Ltd bought a new position in Ubiquiti in the third quarter worth about $466,000. Zacks Investment Management acquired a new position in Ubiquiti in the third quarter valued at approximately $8,892,000. Quantinno Capital Management LP grew its holdings in shares of Ubiquiti by 91.7% during the third quarter. Quantinno Capital Management LP now owns 3,671 shares of the company’s stock valued at $814,000 after purchasing an additional 1,756 shares during the last quarter. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Ubiquiti during the 3rd quarter worth approximately $627,000. 4.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UI shares. 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. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Finally, Barclays boosted their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th.

Ubiquiti Stock Up 1.7 %

UI opened at $350.66 on Wednesday. The stock’s 50 day moving average price is $311.98 and its 200 day moving average price is $227.05. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market cap of $21.20 billion, a P/E ratio of 54.28 and a beta of 1.12. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $366.33.

Ubiquiti Announces Dividend

The business also recently disclosed 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 0.68%. The ex-dividend date was Monday, November 18th. Ubiquiti’s 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.