Squarepoint Ops LLC Decreases Holdings in Ubiquiti Inc. (NYSE:UI)

Squarepoint Ops LLC reduced its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 45.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,154 shares of the company's stock after selling 23,533 shares during the quarter. Squarepoint Ops LLC's holdings in Ubiquiti were worth $9,345,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Caprock Group LLC grew its stake in shares of Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after buying an additional 24 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Ubiquiti by 10.4% in the fourth quarter. National Bank of Canada FI now owns 350 shares of the company's stock valued at $116,000 after purchasing an additional 33 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the period. 4.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UI. Barclays upped their target price on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. BWS Financial reaffirmed a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Trading Down 2.1%

Shares of NYSE UI traded down $8.61 during midday trading on Thursday, reaching $398.50. 22,824 shares of the stock were exchanged, compared to its average volume of 101,578. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The company has a 50 day simple moving average of $340.92 and a 200 day simple moving average of $348.50. The stock has a market capitalization of $24.11 billion, a P/E ratio of 54.14 and a beta of 1.32.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a $0.60 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. Ubiquiti's dividend payout ratio (DPR) 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.