Caxton Associates LLP Purchases Shares of 5,947 Ubiquiti Inc. $UI

Key Points

• Caxton Associates LLP acquired 5,947 shares of Ubiquiti Inc., valued at approximately $1,844,000, in its most recent 13F filing.
• Ubiquiti's stock price has seen significant movement, with Barclays raising its price target from $247 to $299, while UBS set a target of $600.
• Ubiquiti recently increased its quarterly dividend from $0.60 to $0.80 per share, reflecting a 27.19% payout ratio.

Caxton Associates LLP purchased a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,947 shares of the company's stock, valued at approximately $1,844,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Ubiquiti in the 1st quarter valued at approximately $25,000. Brooklyn Investment Group increased its position in Ubiquiti by 78.8% in the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc increased its position in Ubiquiti by 484.2% in the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after acquiring an additional 92 shares during the period. Lazard Asset Management LLC acquired a new position in Ubiquiti in the 4th quarter valued at approximately $74,000. Finally, AlphaQuest LLC increased its position in Ubiquiti by 14,300.0% in the 1st quarter. AlphaQuest LLC now owns 288 shares of the company's stock valued at $89,000 after acquiring an additional 286 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UI. Barclays upped their price objective on shares of Ubiquiti from $247.00 to $299.00 and gave the company an "underweight" rating in a research note on Friday, August 22nd. UBS Group set a $600.00 price objective on shares of Ubiquiti in a research note on Monday, August 25th. Finally, BWS Financial upped their price objective on shares of Ubiquiti from $440.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $499.67.

Ubiquiti Stock Up 1.1%

Shares of NYSE UI opened at $583.31 on Tuesday. The firm has a market cap of $35.28 billion, a PE ratio of 49.56 and a beta of 1.42. Ubiquiti Inc. has a 12-month low of $189.76 and a 12-month high of $588.68. The company's fifty day simple moving average is $457.02 and its 200 day simple moving average is $387.30.

Ubiquiti (NYSE:UI - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $1.31. The business had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. During the same period in the prior year, the firm earned $1.74 earnings per share. On average, equities analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This is a boost from Ubiquiti's previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ubiquiti's payout ratio is currently 27.19%.

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.

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