Point72 Hong Kong Ltd Makes New $730,000 Investment in Ubiquiti Inc. (NYSE:UI)

Point72 Hong Kong Ltd acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,198 shares of the company's stock, valued at approximately $730,000.

A number of other institutional investors have also made changes to their positions in the stock. Quantinno Capital Management LP boosted its holdings in shares of Ubiquiti by 27.5% in the fourth quarter. Quantinno Capital Management LP now owns 4,682 shares of the company's stock valued at $1,554,000 after buying an additional 1,011 shares during the period. Man Group plc grew its position in shares of Ubiquiti by 295.7% in the 4th quarter. Man Group plc now owns 22,713 shares of the company's stock valued at $7,539,000 after acquiring an additional 16,973 shares during the period. Occudo Quantitative Strategies LP bought a new position in Ubiquiti during the fourth quarter worth about $411,000. Lazard Asset Management LLC bought a new stake in Ubiquiti in the fourth quarter valued at approximately $74,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Ubiquiti in the 4th quarter valued at $6,251,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays raised their price objective 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 reissued a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Price Performance

Shares of UI traded down $7.47 during midday trading on Monday, hitting $428.63. The company's stock had a trading volume of 68,799 shares, compared to its average volume of 81,798. The company's fifty day simple moving average is $326.96 and its two-hundred day simple moving average is $342.22. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 58.24 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a one year low of $139.06 and a one year high of $469.98.

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

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's dividend payout ratio is currently 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.