Ubiquiti Inc. (NYSE:UI) is SW Investment Management LLC’s 3rd Largest Position

SW Investment Management LLC lifted its holdings in Ubiquiti Inc. (NYSE:UI) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 300,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Ubiquiti makes up about 13.9% of SW Investment Management LLC’s portfolio, making the stock its 3rd biggest position. SW Investment Management LLC owned 0.50% of Ubiquiti worth $43,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UI. Creative Planning lifted its holdings in Ubiquiti by 28.4% during the 2nd quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after buying an additional 585 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Ubiquiti by 86.2% in the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock valued at $8,499,000 after purchasing an additional 27,011 shares during the period. Maverick Capital Ltd. grew its stake in Ubiquiti by 76.3% in the second quarter. Maverick Capital Ltd. now owns 19,093 shares of the company’s stock worth $2,781,000 after purchasing an additional 8,264 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ubiquiti by 88.8% during the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock worth $3,372,000 after purchasing an additional 11,076 shares during the period. Finally, Marshall Wace LLP raised its position in Ubiquiti by 104.4% during the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after purchasing an additional 3,054 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Up 0.7 %

NYSE:UI opened at $223.34 on Wednesday. The company’s 50-day simple moving average is $190.92 and its 200-day simple moving average is $153.22. The company has a debt-to-equity ratio of 7.05, a quick ratio of 1.59 and a current ratio of 3.22. Ubiquiti Inc. has a fifty-two week low of $103.00 and a fifty-two week high of $223.94. The stock has a market capitalization of $13.50 billion, a P/E ratio of 38.57 and a beta of 1.16.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.17). The firm had revenue of $507.50 million during the quarter, compared to analyst estimates of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Ubiquiti Inc. will post 7.09 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.40 annualized dividend and a yield of 1.07%. Ubiquiti’s dividend payout ratio (DPR) is 41.45%.

Analysts Set New Price Targets

UI has been the subject of several recent research reports. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd. BWS Financial upped their price target on shares of Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Barclays reduced their price objective on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research note on Tuesday, August 27th.

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.