Public Employees Retirement System of Ohio Trims Stock Position in Ubiquiti Inc. (NYSE:UI)

Public Employees Retirement System of Ohio decreased its holdings in Ubiquiti Inc. (NYSE:UI) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,512 shares of the company’s stock after selling 76 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ubiquiti were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SW Investment Management LLC grew its holdings 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 purchasing an additional 25,000 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Ubiquiti by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock valued at $20,349,000 after buying an additional 2,041 shares during the period. Millennium Management LLC grew its stake in shares of Ubiquiti by 86.2% during the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock valued at $8,499,000 after buying an additional 27,011 shares during the period. Zacks Investment Management acquired a new stake in shares of Ubiquiti during the 3rd quarter worth $8,892,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Ubiquiti in the 3rd quarter worth $7,030,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UI. Barclays boosted their price target on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Finally, BWS Financial raised 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 Up 2.5 %

Shares of NYSE UI opened at $343.53 on Friday. The stock has a fifty day moving average price of $309.92 and a 200 day moving average price of $225.14. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $366.33. The company has a market cap of $20.77 billion, a P/E ratio of 53.18 and a beta of 1.12.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. Ubiquiti’s payout ratio is currently 37.15%.

Ubiquiti Company 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.