Deutsche Bank AG Grows Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Deutsche Bank AG increased its position in shares of Ubiquiti Inc. (NYSE:UI) by 108.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,832 shares of the company’s stock after acquiring an additional 3,031 shares during the quarter. Deutsche Bank AG’s holdings in Ubiquiti were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in UI. Cubist Systematic Strategies LLC acquired a new stake in Ubiquiti during the 4th quarter worth approximately $4,484,000. Captrust Financial Advisors purchased a new stake in Ubiquiti in the 4th quarter valued at $284,000. Caxton Associates LP acquired a new stake in Ubiquiti during the 4th quarter worth approximately $911,000. BNP Paribas Financial Markets acquired a new position in Ubiquiti during the fourth quarter worth $484,000. Finally, Ameriprise Financial Inc. increased its holdings in Ubiquiti by 98.9% in the fourth quarter. Ameriprise Financial Inc. now owns 19,828 shares of the company’s stock valued at $6,581,000 after buying an additional 9,858 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Trading Up 0.2%

Shares of NYSE UI opened at $393.18 on Friday. The stock’s 50 day moving average price is $335.92 and its two-hundred day moving average price is $345.87. Ubiquiti Inc. has a 52-week low of $139.06 and a 52-week high of $469.98. The stock has a market capitalization of $23.78 billion, a P/E ratio of 53.42 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.61%. Ubiquiti’s payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

UI has been the topic of a number of recent research reports. Barclays upped their target price on Ubiquiti from $222.00 to $247.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. BWS Financial restated a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th.

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.