Aperio Group LLC Sells 801 Shares of Ubiquiti Networks Inc (UBNT)

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Aperio Group LLC trimmed its holdings in shares of Ubiquiti Networks Inc (NASDAQ:UBNT) by 23.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,552 shares of the Wireless communications provider’s stock after selling 801 shares during the period. Aperio Group LLC’s holdings in Ubiquiti Networks were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE increased its stake in Ubiquiti Networks by 123.5% in the first quarter. US Bancorp DE now owns 2,284 shares of the Wireless communications provider’s stock valued at $157,000 after purchasing an additional 1,262 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Ubiquiti Networks in the second quarter valued at approximately $198,000. Element Capital Management LLC bought a new stake in Ubiquiti Networks in the first quarter valued at approximately $229,000. SG Americas Securities LLC bought a new stake in Ubiquiti Networks in the first quarter valued at approximately $247,000. Finally, Xact Kapitalforvaltning AB increased its stake in Ubiquiti Networks by 28.0% in the first quarter. Xact Kapitalforvaltning AB now owns 3,658 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 800 shares in the last quarter. 26.03% of the stock is owned by institutional investors and hedge funds.

Shares of UBNT stock opened at $90.33 on Friday. The company has a quick ratio of 6.08, a current ratio of 8.87 and a debt-to-equity ratio of 1.46. Ubiquiti Networks Inc has a 12-month low of $47.78 and a 12-month high of $91.00. The firm has a market cap of $6.64 billion, a PE ratio of 24.38, a P/E/G ratio of 1.42 and a beta of 1.16.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings data on Friday, August 24th. The Wireless communications provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Ubiquiti Networks had a net margin of 19.30% and a return on equity of 69.24%. The company had revenue of $269.80 million during the quarter, compared to the consensus estimate of $256.03 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year. research analysts anticipate that Ubiquiti Networks Inc will post 3.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Tuesday, September 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, August 31st. Ubiquiti Networks’s dividend payout ratio is 27.32%.

In other news, VP Benjamin Moore sold 100,000 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $87.91, for a total transaction of $8,791,000.00. Following the completion of the sale, the vice president now owns 673,206 shares of the company’s stock, valued at $59,181,539.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 70.34% of the stock is owned by corporate insiders.

Several equities research analysts have commented on UBNT shares. Credit Suisse Group set a $79.00 target price on shares of Ubiquiti Networks and gave the company a “hold” rating in a research note on Monday, August 27th. BidaskClub raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research downgraded shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. TheStreet raised shares of Ubiquiti Networks from a “c+” rating to a “b+” rating in a research note on Wednesday, May 23rd. Finally, ValuEngine downgraded shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.35.

Ubiquiti Networks Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

Further Reading: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for Ubiquiti Networks (NASDAQ:UBNT)

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