XTX Topco Ltd Takes $466,000 Position in Ubiquiti Inc. (NYSE:UI)

XTX Topco Ltd purchased a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,101 shares of the company's stock, valued at approximately $466,000.

A number of other large investors have also added to or reduced their stakes in the stock. Zacks Investment Management bought a new position in Ubiquiti in the 3rd quarter valued at about $8,892,000. Pacer Advisors Inc. bought a new stake in shares of Ubiquiti during the 3rd quarter worth $7,030,000. Millennium Management LLC lifted its position in shares of Ubiquiti by 86.2% during the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company's stock worth $8,499,000 after buying an additional 27,011 shares during the last quarter. SW Investment Management LLC boosted its stake in Ubiquiti by 9.1% in the second quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock valued at $43,698,000 after buying an additional 25,000 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Ubiquiti by 88.8% in the second quarter. AQR Capital Management LLC now owns 23,546 shares of the company's stock valued at $3,372,000 after acquiring an additional 11,076 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Wall Street Analyst Weigh In

UI has been the subject of a number of research reports. Barclays increased 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. StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. Finally, BWS Financial upped their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the stock a "buy" rating in a report on Monday, November 11th.

Ubiquiti Trading Down 0.5 %

Shares of UI stock traded down $1.71 during mid-day trading on Friday, reaching $344.89. 85,490 shares of the stock traded hands, compared to its average volume of 82,713. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 53.39 and a beta of 1.12. 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's fifty day simple moving average is $299.26 and its two-hundred day simple moving average is $218.32. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $366.33.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors 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 annualized dividend and a yield of 0.70%. Ubiquiti's dividend 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.