Occudo Quantitative Strategies LP Invests $411,000 in Ubiquiti Inc. (NYSE:UI)

Occudo Quantitative Strategies LP purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,239 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds have also made changes to their positions in UI. Renaissance Technologies LLC increased its stake in shares of Ubiquiti by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 199,964 shares of the company’s stock worth $66,374,000 after buying an additional 2,400 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Ubiquiti by 926.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company’s stock worth $37,609,000 after buying an additional 102,268 shares during the period. AQR Capital Management LLC increased its stake in shares of Ubiquiti by 100.1% during the fourth quarter. AQR Capital Management LLC now owns 99,199 shares of the company’s stock worth $32,927,000 after buying an additional 49,616 shares during the period. Vanguard Group Inc. increased its stake in shares of Ubiquiti by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 94,505 shares of the company’s stock worth $31,369,000 after buying an additional 2,294 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Ubiquiti by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 63,840 shares of the company’s stock worth $21,197,000 after buying an additional 765 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $418.47 on Friday. The firm has a market capitalization of $25.31 billion, a P/E ratio of 56.86 and a beta of 1.32. Ubiquiti Inc. has a 52 week low of $138.74 and a 52 week high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average is $324.29 and its two-hundred day moving average is $339.94.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period last year, the company earned $1.36 EPS. Research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.57%. Ubiquiti’s dividend payout ratio is currently 26.43%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UI shares. Barclays upped their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an “underweight” rating in a research note on Monday. BWS Financial restated a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.