Invictus RG purchased a new position in Ubiquiti Networks, Inc. (NASDAQ:UBNT) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,359 shares of the Wireless communications provider’s stock, valued at approximately $244,000.

Other large investors also recently modified their holdings of the company. Jackson Square Partners LLC bought a new stake in shares of Ubiquiti Networks in the 2nd quarter worth approximately $56,496,000. EdgePoint Investment Group Inc. raised its holdings in shares of Ubiquiti Networks by 10.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,325,182 shares of the Wireless communications provider’s stock worth $328,720,000 after purchasing an additional 575,640 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Ubiquiti Networks by 34.4% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,616,027 shares of the Wireless communications provider’s stock worth $83,985,000 after purchasing an additional 413,560 shares in the last quarter. Anchor Capital Advisors LLC bought a new stake in shares of Ubiquiti Networks in the 3rd quarter worth approximately $20,244,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Ubiquiti Networks in the 2nd quarter worth approximately $11,492,000. 33.83% of the stock is owned by institutional investors.

A number of analysts recently commented on the stock. BidaskClub downgraded shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. BMO Capital Markets cut their price target on shares of Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating on the stock in a report on Friday, November 10th. Finally, Vetr lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $62.28 price target on the stock. in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.86.

Shares of Ubiquiti Networks, Inc. (NASDAQ UBNT) opened at $67.23 on Friday. Ubiquiti Networks, Inc. has a 1-year low of $45.71 and a 1-year high of $68.14. The stock has a market cap of $5,177.28, a P/E ratio of 21.18, a PEG ratio of 1.04 and a beta of 0.51.

Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, November 9th. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. Ubiquiti Networks had a net margin of 28.76% and a return on equity of 45.45%. The business had revenue of $245.90 million for the quarter, compared to analyst estimates of $240.39 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. equities research analysts forecast that Ubiquiti Networks, Inc. will post 3.35 earnings per share for the current fiscal year.

Ubiquiti Networks announced that its board has initiated a share buyback plan on Tuesday, September 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the Wireless communications provider to reacquire up to 18% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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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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