United Capital Financial Advisers LLC trimmed its holdings in shares of Ubiquiti Networks Inc (NASDAQ:UBNT) by 62.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,506 shares of the Wireless communications provider’s stock after selling 25,817 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Ubiquiti Networks were worth $2,039,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Ubiquiti Networks by 127.2% during the first quarter. Bank of Montreal Can now owns 1,956 shares of the Wireless communications provider’s stock worth $293,000 after purchasing an additional 9,139 shares in the last quarter. Raymond James & Associates grew its holdings in Ubiquiti Networks by 6.1% in the 1st quarter. Raymond James & Associates now owns 10,718 shares of the Wireless communications provider’s stock valued at $1,605,000 after buying an additional 612 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Ubiquiti Networks in the 1st quarter valued at $328,000. First Trust Advisors LP grew its holdings in Ubiquiti Networks by 3.6% in the 1st quarter. First Trust Advisors LP now owns 334,984 shares of the Wireless communications provider’s stock valued at $50,150,000 after buying an additional 11,615 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Ubiquiti Networks by 28.0% in the 1st quarter. Acadian Asset Management LLC now owns 27,309 shares of the Wireless communications provider’s stock valued at $4,088,000 after buying an additional 5,966 shares in the last quarter. 19.58% of the stock is owned by institutional investors and hedge funds.

Shares of Ubiquiti Networks stock remained flat at $$110.59 during trading hours on Thursday. Ubiquiti Networks Inc has a 1-year low of $81.26 and a 1-year high of $174.95. The stock has a 50-day simple moving average of $113.64 and a two-hundred day simple moving average of $134.94. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.23 and a beta of 1.28. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.40 and a current ratio of 5.03.

Ubiquiti Networks (NASDAQ:UBNT) last posted its earnings results on Friday, August 9th. The Wireless communications provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. Ubiquiti Networks had a return on equity of 180.91% and a net margin of 27.78%. The firm had revenue of $286.64 million for the quarter, compared to analyst estimates of $303.58 million. During the same quarter in the prior year, the company earned $1.01 EPS. Ubiquiti Networks’s revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Ubiquiti Networks Inc will post 5.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, August 16th. Ubiquiti Networks’s payout ratio is 25.32%.

Several analysts have issued reports on the company. ValuEngine cut Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Zacks Investment Research raised Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Monday, August 19th. BidaskClub lowered Ubiquiti Networks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th. Finally, Barclays reaffirmed a “sell” rating and issued a $100.00 price target on shares of Ubiquiti Networks in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $96.00.

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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