PGGM Investments Has $559,000 Position in Ubiquiti Inc. (NYSE:UI)

PGGM Investments decreased its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 25.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,003 shares of the company’s stock after selling 1,357 shares during the period. PGGM Investments’ holdings in Ubiquiti were worth $559,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UI. SW Investment Management LLC increased its stake in Ubiquiti by 13.0% in the third quarter. SW Investment Management LLC now owns 260,000 shares of the company’s stock valued at $37,778,000 after purchasing an additional 30,000 shares in the last quarter. Penserra Capital Management LLC raised its stake in Ubiquiti by 135.5% during the 3rd quarter. Penserra Capital Management LLC now owns 43,083 shares of the company’s stock worth $6,259,000 after buying an additional 24,787 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Ubiquiti by 104.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,910 shares of the company’s stock worth $4,491,000 after acquiring an additional 15,798 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in Ubiquiti by 68.4% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 31,500 shares of the company’s stock valued at $4,396,000 after acquiring an additional 12,800 shares during the period. Finally, Barclays PLC raised its position in shares of Ubiquiti by 2,815.6% during the third quarter. Barclays PLC now owns 7,872 shares of the company’s stock worth $1,145,000 after purchasing an additional 7,602 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Trading Up 0.6 %

Shares of UI stock opened at $108.96 on Tuesday. The firm’s fifty day moving average price is $113.09 and its two-hundred day moving average price is $120.16. Ubiquiti Inc. has a 1 year low of $103.00 and a 1 year high of $237.48. The firm has a market capitalization of $6.59 billion, a P/E ratio of 17.69 and a beta of 1.23.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 9th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.57). Ubiquiti had a negative return on equity of 392.74% and a net margin of 19.83%. The company had revenue of $464.95 million for the quarter, compared to the consensus estimate of $488.56 million. As a group, equities research analysts forecast that Ubiquiti Inc. will post 6.5 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, February 16th. Ubiquiti’s dividend payout ratio is currently 38.96%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays decreased their price objective on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating for the company in a research report on Monday, February 12th. BWS Financial reissued a “buy” rating and issued a $160.00 price target on shares of Ubiquiti in a research note on Monday, April 8th. Finally, StockNews.com upgraded Ubiquiti from a “sell” rating to a “hold” rating in a report on Thursday, April 18th.

Ubiquiti Company 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.