Ubiquiti Inc. (NYSE:UI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,690 shares of the company’s stock after selling 187 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ubiquiti were worth $246,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Ubiquiti by 2,815.6% during the third quarter. Barclays PLC now owns 7,872 shares of the company’s stock worth $1,145,000 after purchasing an additional 7,602 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Ubiquiti during the third quarter valued at $409,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ubiquiti by 104.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,910 shares of the company’s stock valued at $4,491,000 after buying an additional 15,798 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Ubiquiti by 135.5% during the third quarter. Penserra Capital Management LLC now owns 43,083 shares of the company’s stock valued at $6,259,000 after buying an additional 24,787 shares during the last quarter. Finally, SW Investment Management LLC grew its holdings in shares of Ubiquiti by 127.7% during the second quarter. SW Investment Management LLC now owns 230,000 shares of the company’s stock valued at $40,422,000 after buying an additional 129,000 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI opened at $115.92 on Thursday. The business’s 50-day moving average is $121.39 and its two-hundred day moving average is $125.59. The company has a market capitalization of $7.01 billion, a P/E ratio of 18.82 and a beta of 1.24. Ubiquiti Inc. has a fifty-two week low of $103.00 and a fifty-two week high of $272.88.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 9th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.57). Ubiquiti had a net margin of 19.83% and a negative return on equity of 392.74%. The business had revenue of $464.95 million for the quarter, compared to analyst estimates of $488.56 million. Analysts forecast that Ubiquiti Inc. will post 6.5 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, February 16th. Ubiquiti’s dividend payout ratio (DPR) is presently 38.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Ubiquiti from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Barclays cut their price target on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a research report on Monday, February 12th.

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.