Jacobs Levy Equity Management Inc. Makes New $6.25 Million Investment in Ubiquiti Inc. (NYSE:UI)

Jacobs Levy Equity Management Inc. acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,833 shares of the company's stock, valued at approximately $6,251,000.

A number of other institutional investors have also modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of Ubiquiti by 3.8% in the 4th quarter. Gotham Asset Management LLC now owns 32,296 shares of the company's stock valued at $10,720,000 after purchasing an additional 1,184 shares during the last quarter. G2 Investment Partners Management LLC acquired a new position in Ubiquiti in the 4th quarter valued at about $1,333,000. Deutsche Bank AG increased its position in Ubiquiti by 108.2% in the 4th quarter. Deutsche Bank AG now owns 5,832 shares of the company's stock valued at $1,936,000 after acquiring an additional 3,031 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Ubiquiti in the 4th quarter valued at about $4,484,000. Finally, Captrust Financial Advisors acquired a new position in Ubiquiti in the 4th quarter valued at about $284,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on UI. BWS Financial reiterated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th. Barclays boosted their target price on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th.

Ubiquiti Stock Up 3.5%

NYSE:UI traded up $14.68 during mid-day trading on Friday, hitting $435.45. The company had a trading volume of 87,114 shares, compared to its average volume of 81,933. The business has a fifty day simple moving average of $326.96 and a 200-day simple moving average of $341.13. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a 1 year low of $139.06 and a 1 year high of $469.98. The firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 59.16 and a beta of 1.32.

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

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.55%. Ubiquiti's 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.