Point72 Hong Kong Ltd Takes $730,000 Position in Ubiquiti Inc. (NYSE:UI)

Point72 Hong Kong Ltd purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,198 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds have also recently made changes to their positions in the company. Caprock Group LLC boosted its stake in shares of Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after purchasing an additional 24 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company’s stock valued at $116,000 after purchasing an additional 33 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock valued at $56,000 after purchasing an additional 39 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Ubiquiti by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after purchasing an additional 41 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ubiquiti Price Performance

Ubiquiti stock opened at $418.47 on Friday. The stock’s 50 day moving average is $324.29 and its 200 day moving average is $339.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm has a market cap of $25.31 billion, a P/E ratio of 56.86 and a beta of 1.32. Ubiquiti Inc. has a one year low of $138.74 and a one year high of $469.98.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period last year, the company earned $1.36 EPS. As a group, research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. Ubiquiti’s payout ratio is currently 26.43%.

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.