Deutsche Bank AG Decreases Holdings in Ubiquiti Inc. $UI

Deutsche Bank AG lowered its position in Ubiquiti Inc. (NYSE:UI) by 21.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,584 shares of the company’s stock after selling 1,248 shares during the quarter. Deutsche Bank AG’s holdings in Ubiquiti were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Ubiquiti during the first quarter worth approximately $25,000. Versant Capital Management Inc grew its holdings in shares of Ubiquiti by 484.2% during the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Ubiquiti in the 4th quarter worth $74,000. New Age Alpha Advisors LLC bought a new stake in Ubiquiti in the first quarter worth $92,000. Finally, Raleigh Capital Management Inc. boosted its position in Ubiquiti by 26.2% during the first quarter. Raleigh Capital Management Inc. now owns 361 shares of the company’s stock valued at $112,000 after buying an additional 75 shares during the period. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Trading Up 30.2%

Ubiquiti stock opened at $508.5990 on Friday. The firm has a market cap of $30.77 billion, a P/E ratio of 56.01 and a beta of 1.35. Ubiquiti Inc. has a 1-year low of $165.50 and a 1-year high of $514.00. The firm has a 50-day moving average of $423.25 and a 200-day moving average of $373.02.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $1.31. Ubiquiti had a return on equity of 217.49% and a net margin of 23.65%.The business had revenue of $759.15 million during the quarter, compared to analyst estimates of $618.80 million. During the same quarter in the prior year, the company posted $1.74 EPS. Research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Tuesday, September 2nd will be paid a $0.80 dividend. This is a positive change from Ubiquiti’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analyst Weigh In

UI has been the topic of several analyst reports. Barclays lifted their price objective on Ubiquiti from $247.00 to $299.00 and gave the stock an “underweight” rating in a report on Friday. BWS Financial restated a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a research report on Friday, July 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $369.50.

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.