Ubiquiti Networks Inc (UBNT) Shares Bought by BNP Paribas Arbitrage SA

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BNP Paribas Arbitrage SA boosted 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 filing with the Securities and Exchange Commission (SEC). The firm owned 9,480 shares of the Wireless communications provider’s stock after purchasing an additional 3,603 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ubiquiti Networks were worth $652,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in Ubiquiti Networks by 3.5% during the 4th 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 in the last quarter. Aperio Group LLC bought a new stake in Ubiquiti Networks during the 4th quarter valued at approximately $251,000. Teacher Retirement System of Texas bought a new stake in Ubiquiti Networks during the 4th quarter valued at approximately $689,000. Capital Fund Management S.A. bought a new stake in Ubiquiti Networks during the 4th quarter valued at approximately $625,000. Finally, Bank of New York Mellon Corp boosted its position in Ubiquiti Networks by 21.4% during the 4th quarter. Bank of New York Mellon Corp now owns 188,899 shares of the Wireless communications provider’s stock valued at $13,416,000 after acquiring an additional 33,272 shares in the last quarter. Institutional investors own 30.38% of the company’s stock.

Shares of UBNT opened at $86.08 on Friday. The company has a current ratio of 6.69, a quick ratio of 6.08 and a debt-to-equity ratio of 1.63. Ubiquiti Networks Inc has a 52 week low of $47.78 and a 52 week high of $89.99. The company has a market capitalization of $6.50 billion, a PE ratio of 27.86, a P/E/G ratio of 1.95 and a beta of 0.75.

Ubiquiti Networks (NASDAQ:UBNT) last issued its quarterly earnings results on Thursday, May 10th. The Wireless communications provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $247.92 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. analysts forecast that Ubiquiti Networks Inc will post 2.42 earnings per share for the current fiscal year.

Ubiquiti Networks announced that its Board of Directors has approved a share repurchase program on Tuesday, March 13th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several analysts have weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $74.00 price objective on shares of Ubiquiti Networks in a research report on Friday, May 11th. ValuEngine raised Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. TheStreet raised Ubiquiti Networks from a “c+” rating to a “b+” rating in a research report on Wednesday, May 23rd. BidaskClub raised Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 20th. Finally, Credit Suisse Group assumed coverage on Ubiquiti Networks in a research report on Wednesday, May 9th. They set a “neutral” rating and a $74.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. The company has a consensus 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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