Occudo Quantitative Strategies LP Buys Shares of 1,239 Ubiquiti Inc. (NYSE:UI)

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

Several other institutional investors and hedge funds have also bought and sold shares of UI. Versor Investments LP raised its stake in shares of Ubiquiti by 254.5% in the fourth quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after purchasing an additional 2,800 shares during the last quarter. Barclays PLC raised its position in Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock valued at $2,959,000 after buying an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in Ubiquiti during the 4th quarter worth $2,180,000. Sei Investments Co. purchased a new position in Ubiquiti during the 4th quarter worth $1,737,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Ubiquiti in the 4th quarter worth $1,246,000. 4.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UI has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. BWS Financial reiterated a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th.

Ubiquiti Stock Performance

UI traded down $10.88 during midday trading on Wednesday, reaching $392.55. The company had a trading volume of 24,776 shares, compared to its average volume of 102,508. The business has a 50-day moving average price of $331.40 and a two-hundred day moving average price of $343.74. 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 Inc. has a 12-month low of $139.06 and a 12-month high of $469.98. The stock has a market cap of $23.75 billion, a PE ratio of 53.33 and a beta of 1.32.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.61%. Ubiquiti's payout ratio is presently 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.