Ubiquiti (NYSE:UI) Given New $440.00 Price Target at BWS Financial

Ubiquiti (NYSE:UI) had its target price hoisted by BWS Financial from $385.00 to $440.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on UI. Barclays raised their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Trading Up 4.4 %

Shares of UI opened at $410.98 on Wednesday. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $415.00. The firm has a 50 day simple moving average of $342.27 and a 200-day simple moving average of $250.36. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 63.62 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.58%. Ubiquiti’s dividend payout ratio is currently 37.15%.

Institutional Investors Weigh In On Ubiquiti

A number of large investors have recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its holdings in shares of Ubiquiti by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after acquiring an additional 41 shares during the period. US Bancorp DE raised its holdings in shares of Ubiquiti by 3.9% during the third quarter. US Bancorp DE now owns 1,537 shares of the company’s stock valued at $341,000 after acquiring an additional 57 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Ubiquiti by 3.4% during the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company’s stock valued at $392,000 after acquiring an additional 58 shares during the period. Huntington National Bank grew its position in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. Finally, Willis Investment Counsel grew its position in Ubiquiti by 6.0% during the third quarter. Willis Investment Counsel now owns 3,250 shares of the company’s stock valued at $721,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

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.