BWS Financial Increases Ubiquiti (NYSE:UI) Price Target to $440.00

Ubiquiti (NYSE:UI) had its price target boosted by BWS Financial from $385.00 to $440.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Barclays boosted 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 report on Sunday, November 17th.

Ubiquiti Stock Performance

UI stock opened at $410.98 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $24.85 billion, a price-to-earnings ratio of 63.62 and a beta of 1.14. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $415.00. The firm has a 50 day moving average of $342.27 and a two-hundred day moving average of $250.36.

Ubiquiti Announces Dividend

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

Hedge Funds Weigh In On Ubiquiti

Large investors have recently bought and sold shares of the stock. Huntington National Bank raised its stake in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Ubiquiti during the 3rd quarter valued at $47,000. Hanseatic Management Services Inc. acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $76,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $126,000. Finally, Atria Investments Inc acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $210,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.