Arrowstreet Capital Limited Partnership Has $37.61 Million Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Arrowstreet Capital Limited Partnership raised its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 926.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,305 shares of the company's stock after acquiring an additional 102,268 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.19% of Ubiquiti worth $37,609,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versor Investments LP boosted 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 acquiring an additional 2,800 shares in the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 13,079 shares during the period. Convergence Investment Partners LLC acquired a new stake in Ubiquiti during the fourth quarter valued at approximately $2,180,000. MML Investors Services LLC bought a new stake in shares of Ubiquiti in the 3rd quarter valued at approximately $327,000. Finally, Monument Capital Management bought a new stake in shares of Ubiquiti in the 4th quarter valued at approximately $354,000. Institutional investors own 4.00% of the company's stock.

Wall Street Analyst Weigh In

UI has been the subject of several analyst reports. Barclays cut their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th. BWS Financial restated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Friday.

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Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 93.10% of the stock is owned by corporate insiders.

Ubiquiti Price Performance

Shares of NYSE UI traded up $5.98 during mid-day trading on Monday, hitting $279.43. 182,008 shares of the stock were exchanged, compared to its average volume of 80,587. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The stock's fifty day simple moving average is $337.09 and its two-hundred day simple moving average is $321.38. 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 market cap of $16.90 billion, a P/E ratio of 37.97 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $1.36 earnings per share. As a group, analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.86%. Ubiquiti's dividend payout ratio is 32.61%.

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.