Cubist Systematic Strategies LLC Buys Shares of 13,507 Ubiquiti Inc. (NYSE:UI)

Cubist Systematic Strategies LLC acquired a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,507 shares of the company's stock, valued at approximately $4,484,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its position 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 acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 acquiring an additional 54 shares in the last quarter. Blue Trust Inc. increased its position in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after acquiring an additional 63 shares in the last quarter. Financial Perspectives Inc increased its position in shares of Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after acquiring an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position 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 acquiring an additional 39 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

Shares of NYSE UI traded up $1.86 during mid-day trading on Thursday, hitting $423.69. 31,307 shares of the company's stock traded hands, compared to its average volume of 81,722. The company's 50-day moving average is $321.95 and its two-hundred day moving average is $338.84. 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 company has a market capitalization of $25.63 billion, a P/E ratio of 57.43 and a beta of 1.32. Ubiquiti Inc. has a 1 year low of $134.72 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter last year, the business earned $1.36 earnings per share. On average, equities analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is currently 26.43%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UI. BWS Financial reissued a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday. Barclays lifted their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday.

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.