Tidal Investments LLC Has $4.10 Million Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Tidal Investments LLC lifted its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 13.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,505 shares of the company’s stock after buying an additional 2,174 shares during the period. Tidal Investments LLC’s holdings in Ubiquiti were worth $4,103,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UI. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Ubiquiti during the 2nd quarter worth $241,000. Bank of New York Mellon Corp lifted its stake in shares of Ubiquiti by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock worth $20,349,000 after acquiring an additional 2,041 shares during the period. nVerses Capital LLC bought a new stake in Ubiquiti in the second quarter valued at approximately $44,000. CIBC Asset Management Inc acquired a new stake in Ubiquiti during the 2nd quarter valued at approximately $249,000. Finally, Marshall Wace LLP increased its position in Ubiquiti by 104.4% during the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after purchasing an additional 3,054 shares during the period. Institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. BWS Financial boosted their price objective on Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barclays raised their target price on Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th.

Ubiquiti Trading Down 0.5 %

NYSE:UI opened at $344.89 on Friday. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $366.33. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 53.39 and a beta of 1.12. The firm has a fifty day simple moving average of $299.26 and a two-hundred day simple moving average of $218.32.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is 37.15%.

About Ubiquiti

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.