DGS Capital Management LLC Invests $213,000 in Ubiquiti Inc. (NYSE:UI)

DGS Capital Management LLC bought a new stake in Ubiquiti Inc. (NYSE:UI) in the third quarter, HoldingsChannel reports. The firm bought 962 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds also recently made changes to their positions in UI. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Ubiquiti during the second quarter worth about $241,000. Bank of New York Mellon Corp boosted its position in shares of Ubiquiti by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock worth $20,349,000 after purchasing an additional 2,041 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Ubiquiti in the 2nd quarter worth approximately $44,000. CIBC Asset Management Inc purchased a new stake in shares of Ubiquiti in the 2nd quarter worth 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 buying an additional 3,054 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Stock Performance

Shares of UI opened at $344.89 on Friday. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 53.39 and a beta of 1.12. The business’s fifty day simple moving average is $299.26 and its two-hundred day simple moving average is $218.32. 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.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Analyst Upgrades and Downgrades

Several research firms have commented on UI. Barclays boosted their target price on Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a report on Monday, November 11th. BWS Financial upped their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Company 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.