Barclays PLC Has $2.96 Million Holdings in Ubiquiti Inc. (NYSE:UI)

Barclays PLC increased its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 4,880.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,347 shares of the company's stock after acquiring an additional 13,079 shares during the quarter. Barclays PLC's holdings in Ubiquiti were worth $2,959,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UI. Huntington National Bank grew its stake in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in Ubiquiti during the third quarter worth $47,000. nVerses Capital LLC bought a new stake in shares of Ubiquiti during the 2nd quarter worth about $44,000. Hanseatic Management Services Inc. acquired a new position in shares of Ubiquiti during the 3rd quarter valued at about $76,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ubiquiti in the 3rd quarter valued at approximately $126,000. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

UI has been the topic of several analyst reports. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Barclays lifted their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a report on Monday, November 11th. Finally, BWS Financial upped their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the company a "buy" rating in a report on Monday, November 11th.

Ubiquiti Stock Performance

Shares of UI traded up $5.76 during mid-day trading on Wednesday, hitting $350.66. The company's stock had a trading volume of 31,781 shares, compared to its average volume of 77,846. The stock's 50-day moving average is $314.18 and its two-hundred day moving average is $228.50. The firm has a market capitalization of $21.20 billion, a PE ratio of 54.28 and a beta of 1.12. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $366.33.

Ubiquiti Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio (DPR) is presently 37.15%.

About Ubiquiti

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.