Ubiquiti Inc. $UI Position Raised by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in Ubiquiti Inc. (NYSE:UI) by 889.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 574 shares of the company’s stock after purchasing an additional 516 shares during the period. Coldstream Capital Management Inc.’s holdings in Ubiquiti were worth $236,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in shares of Ubiquiti by 78.8% in the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Ubiquiti by 1,075.0% during the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after acquiring an additional 86 shares during the period. Main Street Group LTD acquired a new position in Ubiquiti during the second quarter worth about $41,000. Iron Horse Wealth Management LLC bought a new stake in Ubiquiti in the second quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its holdings in Ubiquiti by 20.5% in the 2nd quarter. GAMMA Investing LLC now owns 159 shares of the company’s stock valued at $65,000 after acquiring an additional 27 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UI has been the topic of several recent research reports. BWS Financial reaffirmed a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a report on Tuesday. Barclays raised their price objective on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 11th. Finally, UBS Group set a $600.00 target price on Ubiquiti in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ubiquiti currently has a consensus rating of “Hold” and an average target price of $591.67.

Insider Activity

In related news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the completion of the sale, the chief accounting officer directly owned 2,768 shares in the company, valued at approximately $1,595,973.44. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 93.10% of the stock is owned by company insiders.

Ubiquiti Stock Up 1.4%

Shares of NYSE:UI opened at $583.09 on Friday. The company’s fifty day moving average is $662.86 and its two-hundred day moving average is $525.06. Ubiquiti Inc. has a 12-month low of $255.00 and a 12-month high of $803.59. The company has a market cap of $35.28 billion, a P/E ratio of 49.54 and a beta of 1.50.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, November 7th. The company reported $3.46 EPS for the quarter, topping the consensus estimate of $2.48 by $0.98. The business had revenue of $733.77 million during the quarter, compared to analysts’ expectations of $702.38 million. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%. Equities research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. Ubiquiti’s dividend payout ratio is currently 24.46%.

About Ubiquiti

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.