Ubiquiti Inc. $UI Stock Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its position in shares of Ubiquiti Inc. (NYSE:UI) by 84.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,657 shares of the company’s stock after buying an additional 760 shares during the quarter. Machina Capital S.A.S.’s holdings in Ubiquiti were worth $940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Ubiquiti in the second quarter valued at $163,010,000. Bank of New York Mellon Corp purchased a new stake in shares of Ubiquiti during the 2nd quarter valued at $30,086,000. Walleye Capital LLC acquired a new stake in Ubiquiti during the second quarter worth about $27,413,000. Canada Pension Plan Investment Board acquired a new stake in Ubiquiti during the 2nd quarter worth approximately $19,140,000. Finally, Bank of America Corp DE acquired a new stake in shares of Ubiquiti in the second quarter worth $17,647,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UI. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings downgraded Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Barclays raised their price objective on Ubiquiti from $489.00 to $537.00 and gave the company an “underweight” rating in a research report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research note on Monday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $758.50.

Ubiquiti Trading Up 0.4%

Shares of Ubiquiti stock opened at $682.09 on Friday. The stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of 38.38 and a beta of 1.34. Ubiquiti Inc. has a twelve month low of $500.23 and a twelve month high of $1,099.99. The business’s 50 day simple moving average is $593.86 and its 200-day simple moving average is $659.83.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, November 6th. The company reported $5.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $1.07. Ubiquiti had a return on equity of 80.29% and a net margin of 30.08%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $977.45 million. Sell-side analysts predict that Ubiquiti Inc. will post 16.94 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.00 annualized dividend and a dividend yield of 0.6%. Ubiquiti’s payout ratio is 22.59%.

Ubiquiti Profile

Ubiquiti Inc. develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems. The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.