Quantinno Capital Management LP Raises Stake in Ubiquiti Inc. (NYSE:UI)

Quantinno Capital Management LP grew its stake in Ubiquiti Inc. (NYSE:UI) by 91.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,671 shares of the company’s stock after acquiring an additional 1,756 shares during the quarter. Quantinno Capital Management LP’s holdings in Ubiquiti were worth $814,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Ubiquiti during the second quarter worth about $241,000. Bank of New York Mellon Corp increased its holdings in shares of Ubiquiti by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock worth $20,349,000 after buying an additional 2,041 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Ubiquiti during the 2nd quarter valued at approximately $44,000. CIBC Asset Management Inc purchased a new stake in shares of Ubiquiti during the 2nd quarter valued at approximately $249,000. Finally, Marshall Wace LLP lifted its holdings in Ubiquiti by 104.4% in the second quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after acquiring an additional 3,054 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on UI shares. BWS Financial lifted their target price on Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Stock Down 0.5 %

NYSE:UI opened at $344.89 on Friday. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $366.33. The stock’s fifty day moving average is $299.26 and its two-hundred day moving average is $217.81. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 53.39 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is 37.15%.

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.