Deutsche Bank AG Has $1.94 Million Holdings in Ubiquiti Inc. (NYSE:UI)

Deutsche Bank AG increased its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 108.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,832 shares of the company's stock after acquiring an additional 3,031 shares during the period. Deutsche Bank AG's holdings in Ubiquiti were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of UI. Farther Finance Advisors LLC boosted its stake in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. increased its stake in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares during the period. Financial Perspectives Inc raised its position in Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after purchasing an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UI shares. BWS Financial reissued a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday, May 12th. Barclays raised their target price on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday, May 12th.

Ubiquiti Stock Down 2.5%

Shares of NYSE:UI traded down $10.17 during midday trading on Thursday, hitting $396.94. 69,834 shares of the company's stock traded hands, compared to its average volume of 82,256. The firm's fifty day moving average price is $342.17 and its two-hundred day moving average price is $348.89. The company has a market cap of $24.01 billion, a PE ratio of 53.93 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 Inc. has a twelve month low of $139.06 and a twelve month high of $469.98.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, May 19th. Ubiquiti's dividend payout ratio is 26.43%.

Ubiquiti Company 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.