DGS Capital Management LLC Increases Stock Holdings in Ubiquiti Inc. (NYSE:UI)

DGS Capital Management LLC grew its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 138.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,295 shares of the company's stock after acquiring an additional 1,333 shares during the quarter. DGS Capital Management LLC's holdings in Ubiquiti were worth $762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SW Investment Management LLC boosted its holdings in shares of Ubiquiti by 9.1% in the 2nd quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock valued at $43,698,000 after purchasing an additional 25,000 shares during the last quarter. Millennium Management LLC increased its position in shares of Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company's stock worth $8,499,000 after acquiring an additional 27,011 shares during the last quarter. Zacks Investment Management acquired a new position in shares of Ubiquiti in the 3rd quarter valued at approximately $8,892,000. Pacer Advisors Inc. acquired a new stake in Ubiquiti in the third quarter valued at $7,030,000. Finally, JPMorgan Chase & Co. grew its holdings in Ubiquiti by 20.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock worth $6,610,000 after acquiring an additional 5,045 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BWS Financial upped their price target on Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. Finally, Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a report on Monday, November 11th.

Ubiquiti Price Performance

NYSE:UI traded down $0.94 during mid-day trading on Friday, hitting $430.18. The company's stock had a trading volume of 87,944 shares, compared to its average volume of 76,327. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The stock has a fifty day moving average of $358.20 and a 200-day moving average of $263.81. The company has a market capitalization of $26.01 billion, a price-to-earnings ratio of 66.59 and a beta of 1.14. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $438.12.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.37. The business had revenue of $550.34 million during the quarter, compared to analysts' expectations of $535.03 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, November 18th. Ubiquiti's payout ratio is presently 37.15%.

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.