Weil Company Inc. acquired a new position in shares of Ubiquiti Networks Inc (NASDAQ:UBNT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,948 shares of the Wireless communications provider’s stock, valued at approximately $427,000.

A number of other institutional investors have also modified their holdings of the business. WealthTrust Fairport LLC acquired a new position in Ubiquiti Networks during the third quarter worth about $117,000. FTB Advisors Inc. raised its position in Ubiquiti Networks by 1,940.8% during the second quarter. FTB Advisors Inc. now owns 2,000 shares of the Wireless communications provider’s stock worth $169,000 after acquiring an additional 1,902 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Ubiquiti Networks during the third quarter worth about $178,000. Public Employees Retirement Association of Colorado raised its position in Ubiquiti Networks by 48.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,182 shares of the Wireless communications provider’s stock worth $185,000 after acquiring an additional 714 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Ubiquiti Networks during the second quarter worth about $198,000. 27.10% of the stock is currently owned by institutional investors.

In related news, VP Benjamin Moore sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $87.91, for a total value of $8,791,000.00. Following the completion of the sale, the vice president now directly owns 673,206 shares in the company, valued at $59,181,539.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 78.70% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on UBNT shares. Credit Suisse Group set a $73.00 price objective on shares of Ubiquiti Networks and gave the company a “hold” rating in a research report on Wednesday, July 18th. ValuEngine lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. BidaskClub lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. BMO Capital Markets reissued a “hold” rating on shares of Ubiquiti Networks in a research report on Friday, August 24th. Finally, Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.96.

Shares of NASDAQ:UBNT traded up $0.83 during trading on Tuesday, reaching $106.79. The stock had a trading volume of 7,187 shares, compared to its average volume of 526,385. The company has a debt-to-equity ratio of 1.46, a current ratio of 8.87 and a quick ratio of 7.96. The firm has a market cap of $8.05 billion, a PE ratio of 29.20, a P/E/G ratio of 2.33 and a beta of 1.11. Ubiquiti Networks Inc has a fifty-two week low of $49.40 and a fifty-two week high of $112.38.

Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings data on Friday, November 9th. The Wireless communications provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.34. Ubiquiti Networks had a net margin of 19.64% and a return on equity of 82.12%. The business had revenue of $282.90 million during the quarter, compared to analyst estimates of $270.60 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts expect that Ubiquiti Networks Inc will post 3.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Monday, November 19th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. Ubiquiti Networks’s payout ratio is 27.32%.

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Ubiquiti Networks Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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

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