Ubiquiti Inc. $UI Stock Position Increased by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 84.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,657 shares of the company’s stock after purchasing an additional 760 shares during the period. Machina Capital S.A.S.’s holdings in Ubiquiti were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UI. BlackRock Inc. bought a new stake in shares of Ubiquiti in the 2nd quarter worth $163,010,000. Bank of New York Mellon Corp acquired a new position in shares of Ubiquiti in the second quarter worth about $30,086,000. Walleye Capital LLC purchased a new position in Ubiquiti during the 2nd quarter worth approximately $27,413,000. Canada Pension Plan Investment Board purchased a new position in shares of Ubiquiti during the second quarter valued at $19,140,000. Finally, Bank of America Corp DE purchased a new position in shares of Ubiquiti during the second quarter valued at $17,647,000. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

UI opened at $682.09 on Friday. The company has a market cap of $41.25 billion, a PE ratio of 38.38 and a beta of 1.34. The stock has a 50-day moving average of $593.86 and a 200-day moving average of $659.83. Ubiquiti Inc. has a 52-week low of $500.23 and a 52-week high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, November 6th. The company reported $5.32 EPS for the quarter, beating the consensus estimate of $4.25 by $1.07. Ubiquiti had a return on equity of 80.29% and a net margin of 30.08%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $977.45 million. On average, research analysts predict that Ubiquiti Inc. will post 16.94 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.00 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UI shares. Weiss Ratings downgraded Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BWS Financial reaffirmed a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research note on Monday. Finally, Barclays upped their target price on Ubiquiti from $489.00 to $537.00 and gave the company an “underweight” rating in a report on Monday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $758.50.

Ubiquiti Company Profile

Ubiquiti Inc. develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems. The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.