Disciplined Growth Investors Inc. MN decreased its position in shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,606,402 shares of the Wireless communications provider’s stock after selling 9,625 shares during the quarter. Ubiquiti Networks makes up 1.9% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 16th largest holding. Disciplined Growth Investors Inc. MN owned about 2.06% of Ubiquiti Networks worth $89,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. lifted its stake in shares of Ubiquiti Networks by 10.0% during 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 during the last quarter. Jackson Square Partners LLC grew its holdings in Ubiquiti Networks by 21.1% during the third quarter. Jackson Square Partners LLC now owns 1,316,083 shares of the Wireless communications provider’s stock worth $73,726,000 after acquiring an additional 228,986 shares during the period. State of Tennessee Treasury Department grew its holdings in Ubiquiti Networks by 8.6% in the second quarter. State of Tennessee Treasury Department now owns 933,563 shares of the Wireless communications provider’s stock valued at $48,517,000 after purchasing an additional 73,563 shares during the period. Renaissance Technologies LLC grew its holdings in Ubiquiti Networks by 2.5% in the second quarter. Renaissance Technologies LLC now owns 784,300 shares of the Wireless communications provider’s stock valued at $40,760,000 after purchasing an additional 19,300 shares during the period. Finally, Lagoda Investment Management L.P. grew its holdings in Ubiquiti Networks by 8.0% in the second quarter. Lagoda Investment Management L.P. now owns 455,894 shares of the Wireless communications provider’s stock valued at $23,693,000 after purchasing an additional 33,765 shares during the period. 33.83% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the company. BidaskClub lowered Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Vetr lowered Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $65.54 price objective on the stock. in a report on Wednesday, August 30th. JMP Securities restated a “market perform” rating on shares of Ubiquiti Networks in a research report on Wednesday, September 27th. ValuEngine upgraded Ubiquiti Networks from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, BMO Capital Markets decreased their target price on Ubiquiti Networks from $66.00 to $60.00 and set a “positive” rating on the stock in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.86.

Ubiquiti Networks, Inc. (NASDAQ:UBNT) opened at $65.84 on Monday. The firm has a market capitalization of $5,125.12, a P/E ratio of 20.97, a PEG ratio of 1.03 and a beta of 0.51. Ubiquiti Networks, Inc. has a 1 year low of $45.71 and a 1 year high of $68.14.

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

Ubiquiti Networks declared that its Board of Directors has approved a share buyback program on Tuesday, September 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire up to 18% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is 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.

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

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