Janus Capital Management LLC increased its stake in shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,837 shares of the Wireless communications provider’s stock after buying an additional 375 shares during the period. Janus Capital Management LLC’s holdings in Ubiquiti Networks were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UBNT. Ameritas Investment Partners Inc. bought a new stake in shares of Ubiquiti Networks during the first quarter valued at about $113,000. Pacer Advisors Inc. raised its stake in shares of Ubiquiti Networks by 22.2% in the first quarter. Pacer Advisors Inc. now owns 2,700 shares of the Wireless communications provider’s stock valued at $136,000 after buying an additional 490 shares during the period. Lazard Asset Management LLC raised its stake in shares of Ubiquiti Networks by 26.0% in the first quarter. Lazard Asset Management LLC now owns 3,683 shares of the Wireless communications provider’s stock valued at $185,000 after buying an additional 760 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Ubiquiti Networks during the first quarter valued at about $218,000. Finally, Principal Financial Group Inc. raised its stake in shares of Ubiquiti Networks by 3.8% in the first quarter. Principal Financial Group Inc. now owns 6,069 shares of the Wireless communications provider’s stock valued at $305,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 30.91% of the company’s stock.

Shares of Ubiquiti Networks, Inc. (NASDAQ UBNT) traded up 0.89% during mid-day trading on Friday, reaching $65.94. 240,507 shares of the company’s stock were exchanged. Ubiquiti Networks, Inc. has a 52 week low of $45.71 and a 52 week high of $67.80. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 21.34 and a beta of 0.48. The stock has a 50 day moving average price of $56.94 and a 200 day moving average price of $52.26.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $228.60 million for the quarter, compared to the consensus estimate of $219.14 million. Ubiquiti Networks had a return on equity of 47.10% and a net margin of 29.76%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Equities research analysts predict that Ubiquiti Networks, Inc. will post $3.66 EPS for the current year.

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UBNT has been the topic of several research analyst reports. BidaskClub upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Vetr lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $55.50 price objective on the stock. in a report on Monday, June 26th. Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, May 10th. Deutsche Bank AG boosted their price objective on shares of Ubiquiti Networks from $38.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine lowered shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ubiquiti Networks has a consensus rating of “Hold” and a consensus price target of $54.87.

Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.

Institutional Ownership by Quarter for Ubiquiti Networks (NASDAQ:UBNT)

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