SW Investment Management LLC Purchases 25,000 Shares of Ubiquiti Inc. (NYSE:UI)

SW Investment Management LLC increased its position in shares of Ubiquiti Inc. (NYSE:UI) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Ubiquiti accounts for approximately 13.9% of SW Investment Management LLC’s investment portfolio, making the stock its 3rd largest holding. SW Investment Management LLC’s holdings in Ubiquiti were worth $43,698,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UI. Bank of New York Mellon Corp boosted its holdings in Ubiquiti by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock valued at $20,349,000 after purchasing an additional 2,041 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ubiquiti by 24.1% in the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after buying an additional 18,986 shares during the last quarter. Millennium Management LLC grew its holdings in Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after acquiring an additional 27,011 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ubiquiti by 17.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,177 shares of the company’s stock valued at $5,049,000 after acquiring an additional 5,267 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings 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 period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UI shares. StockNews.com cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Barclays dropped their price target on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 27th. Finally, BWS Financial upped their price objective on shares of Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 26th.

Ubiquiti Stock Up 0.7 %

Shares of UI opened at $223.34 on Wednesday. The firm has a market cap of $13.50 billion, a P/E ratio of 38.57 and a beta of 1.16. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $223.94. The stock’s 50 day moving average is $190.92 and its two-hundred day moving average is $153.22. The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The company had revenue of $507.50 million during the quarter, compared to analyst estimates of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. Ubiquiti’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that Ubiquiti Inc. will post 7.09 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.07%. Ubiquiti’s dividend payout ratio is currently 41.45%.

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.