Quantinno Capital Management LP Increases Stock Position in Ubiquiti Inc. (NYSE:UI)

Quantinno Capital Management LP raised its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,682 shares of the company's stock after buying an additional 1,011 shares during the period. Quantinno Capital Management LP's holdings in Ubiquiti were worth $1,554,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UI. Versor Investments LP lifted its position in shares of Ubiquiti by 254.5% during the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock valued at $1,295,000 after buying an additional 2,800 shares in the last quarter. Barclays PLC raised its position in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the period. Convergence Investment Partners LLC purchased a new position in Ubiquiti during the fourth quarter valued at $2,180,000. Sei Investments Co. purchased a new position in Ubiquiti during the fourth quarter valued at $1,737,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Ubiquiti in the fourth quarter valued at about $1,246,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Price Performance

Shares of NYSE UI traded down $5.54 during mid-day trading on Wednesday, reaching $400.06. The company's stock had a trading volume of 12,199 shares, compared to its average volume of 81,947. The stock has a market capitalization of $24.20 billion, a P/E ratio of 54.18 and a beta of 1.32. Ubiquiti Inc. has a 1-year low of $139.06 and a 1-year high of $469.98. The stock has a 50-day moving average of $339.14 and a two-hundred day moving average of $348.09. 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 Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on UI shares. Barclays upped their price target 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 objective on shares of Ubiquiti in a research note on Monday, May 12th.

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.