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Quantinno Capital Management LP Increases Holdings in Ubiquiti Inc. (NYSE:UI)

Ubiquiti logo with Computer and Technology background

Quantinno Capital Management LP increased its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 91.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,671 shares of the company's stock after acquiring an additional 1,756 shares during the period. Quantinno Capital Management LP's holdings in Ubiquiti were worth $814,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Ubiquiti during the third quarter valued at $323,000. Algert Global LLC bought a new position in Ubiquiti during the 3rd quarter valued at about $838,000. Semanteon Capital Management LP bought a new position in Ubiquiti during the 3rd quarter valued at about $599,000. Marshall Wace LLP raised its position in Ubiquiti by 104.4% in the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company's stock worth $871,000 after purchasing an additional 3,054 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Ubiquiti in the third quarter worth about $1,121,000. 4.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Get Our Latest Report on UI

Ubiquiti Stock Down 0.5 %

Shares of Ubiquiti stock traded down $1.71 on Friday, reaching $344.89. The stock had a trading volume of 85,490 shares, compared to its average volume of 82,713. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $366.33. The company has a 50 day moving average price of $299.26 and a 200 day moving average price of $218.32. 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 $20.86 billion, a P/E ratio of 53.39 and a beta of 1.12.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.70%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio is presently 37.15%.

About Ubiquiti

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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