Occudo Quantitative Strategies LP Makes New Investment in Ubiquiti Inc. (NYSE:UI)

Occudo Quantitative Strategies LP bought a new position in Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,239 shares of the company's stock, valued at approximately $411,000.

Several other institutional investors also recently bought and sold shares of UI. Farther Finance Advisors LLC grew its holdings in shares of Ubiquiti by 47.0% in 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. Venturi Wealth Management LLC lifted its position in Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after buying an additional 102 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after buying an additional 39 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on UI. Barclays boosted their price objective on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. BWS Financial reissued a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Trading Down 1.7%

NYSE UI traded down $7.47 during trading on Monday, hitting $428.63. The stock had a trading volume of 68,799 shares, compared to its average volume of 81,798. Ubiquiti Inc. has a one year low of $139.06 and a one year high of $469.98. The stock has a 50 day simple moving average of $326.96 and a 200 day simple moving average of $342.22. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 58.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (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 quarter last year, the company posted $1.36 earnings per share. Sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's payout ratio is presently 26.43%.

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.