5,054 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,054 shares of the company's stock, valued at approximately $1,121,000.

Several other hedge funds have also modified their holdings of the stock. Huntington National Bank raised its holdings in shares of Ubiquiti by 267.6% in the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Ubiquiti during the 2nd quarter worth about $44,000. Raleigh Capital Management Inc. purchased a new position in shares of Ubiquiti in the 3rd quarter valued at about $47,000. Hanseatic Management Services Inc. acquired a new stake in shares of Ubiquiti during the 3rd quarter worth about $76,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Ubiquiti during the 3rd quarter worth approximately $126,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

UI traded up $2.02 on Thursday, hitting $341.20. 86,828 shares of the company traded hands, compared to its average volume of 77,437. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $366.33. The company has a 50 day moving average of $282.95 and a 200-day moving average of $208.89. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $20.63 billion, a PE ratio of 52.50 and a beta of 1.12.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.70%. Ubiquiti's payout ratio is currently 37.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BWS Financial raised their price target on Ubiquiti from $240.00 to $385.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Barclays lifted their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th.

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.