BNP Paribas Arbitrage SA increased its holdings in shares of Ubiquiti Networks Inc (NASDAQ:UBNT) by 61.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,480 shares of the Wireless communications provider’s stock after purchasing an additional 3,603 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Ubiquiti Networks were worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Amalgamated Bank bought a new position in Ubiquiti Networks in the fourth quarter valued at about $216,000. Raymond James & Associates bought a new position in Ubiquiti Networks in the fourth quarter valued at about $1,640,000. MetLife Investment Advisors LLC bought a new position in Ubiquiti Networks in the fourth quarter valued at about $762,000. Schwab Charles Investment Management Inc. lifted its holdings in Ubiquiti Networks by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 147,633 shares of the Wireless communications provider’s stock valued at $10,485,000 after acquiring an additional 4,928 shares during the period. Finally, Burney Co. lifted its holdings in Ubiquiti Networks by 1.6% in the fourth quarter. Burney Co. now owns 56,998 shares of the Wireless communications provider’s stock valued at $4,048,000 after acquiring an additional 921 shares during the period. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ UBNT opened at $84.96 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 6.08 and a current ratio of 6.69. Ubiquiti Networks Inc has a 52 week low of $47.78 and a 52 week high of $89.99. The stock has a market capitalization of $6.11 billion, a PE ratio of 27.50, a P/E/G ratio of 1.84 and a beta of 0.75.

Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings data on Thursday, May 10th. The Wireless communications provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Ubiquiti Networks had a return on equity of 56.13% and a net margin of 19.15%. The firm had revenue of $250.40 million for the quarter, compared to the consensus estimate of $247.92 million. During the same quarter last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. equities analysts predict that Ubiquiti Networks Inc will post 2.42 EPS for the current fiscal year.

Ubiquiti Networks announced that its board has initiated a stock repurchase program on Tuesday, March 13th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

A number of research analysts have weighed in on UBNT shares. BidaskClub downgraded Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 11th. ValuEngine raised Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Credit Suisse Group assumed coverage on Ubiquiti Networks in a research note on Wednesday, May 9th. They issued a “neutral” rating and a $74.00 price objective on the stock. TheStreet raised Ubiquiti Networks from a “c+” rating to a “b+” rating in a research note on Wednesday, May 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $74.00 price objective on shares of Ubiquiti Networks in a research note on Friday, May 11th. Six research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $71.95.

Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers worldwide. 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 complimentary WLAN products.

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

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