Barclays Cuts Ubiquiti (NYSE:UI) Price Target to $222.00

Ubiquiti (NYSE:UI) had its price objective decreased by Barclays from $236.00 to $222.00 in a report released on Monday,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. BWS Financial raised their target price on Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

Ubiquiti Price Performance

Ubiquiti stock opened at $344.07 on Monday. 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 company has a market capitalization of $20.81 billion, a PE ratio of 53.26 and a beta of 1.14. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $469.98. The stock has a 50-day moving average price of $369.31 and a two-hundred day moving average price of $284.64.

Ubiquiti (NYSE:UI) last posted its 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 return on equity of 532.06% and a net margin of 19.36%. Analysts expect that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. Ubiquiti’s dividend payout ratio is presently 37.15%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after purchasing an additional 13,079 shares during the last quarter. Empowered Funds LLC bought a new position in Ubiquiti during the 3rd quarter worth approximately $323,000. Algert Global LLC bought a new position in Ubiquiti during the 3rd quarter worth approximately $838,000. MML Investors Services LLC bought a new position in Ubiquiti during the 3rd quarter worth approximately $327,000. Finally, Semanteon Capital Management LP bought a new position in Ubiquiti during the 3rd quarter worth approximately $599,000. Hedge funds and other institutional investors 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.