Disciplined Growth Investors Inc. MN reduced its position in shares of Ubiquiti Networks (NASDAQ:UBNT) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,605,036 shares of the Wireless communications provider’s stock after selling 1,366 shares during the quarter. Ubiquiti Networks accounts for approximately 2.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 14th biggest holding. Disciplined Growth Investors Inc. MN owned approximately 2.07% of Ubiquiti Networks worth $113,990,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of UBNT. Public Employees Retirement Association of Colorado purchased a new stake in shares of Ubiquiti Networks during the 4th quarter worth about $104,000. Brown Advisory Inc. purchased a new position in Ubiquiti Networks in the 3rd quarter valued at about $211,000. Amalgamated Bank purchased a new position in Ubiquiti Networks in the 4th quarter valued at about $216,000. HPM Partners LLC purchased a new position in Ubiquiti Networks in the 4th quarter valued at about $217,000. Finally, SG Americas Securities LLC lifted its stake in Ubiquiti Networks by 53.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,248 shares of the Wireless communications provider’s stock valued at $238,000 after buying an additional 1,480 shares in the last quarter. 30.82% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on UBNT shares. BidaskClub raised shares of Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. ValuEngine lowered shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Vetr raised shares of Ubiquiti Networks from a “sell” rating to a “hold” rating and set a $74.74 price target on the stock in a research note on Monday, February 5th. Zacks Investment Research lowered shares of Ubiquiti Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets raised their price target on shares of Ubiquiti Networks from $60.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.75.
Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.06. The company had revenue of $250.80 million during the quarter, compared to the consensus estimate of $239.89 million. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. Ubiquiti Networks’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. equities analysts anticipate that Ubiquiti Networks will post 1.93 earnings per share for the current fiscal year.
Ubiquiti Networks announced that its board has approved a share buyback plan on Thursday, February 8th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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About Ubiquiti Networks
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.
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