Ubiquiti Networks Inc (UBNT) : Taube Hodson Stonex Partners Llp reduced its stake in Ubiquiti Networks Inc by 11.1% during the most recent quarter end. The investment management company now holds a total of 595,597 shares of Ubiquiti Networks Inc which is valued at $23,871,528 after selling 74,336 shares in Ubiquiti Networks Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Ubiquiti Networks Inc makes up approximately 4.69% of Taube Hodson Stonex Partners Llp’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp boosted its stake in UBNT in the latest quarter, The investment management firm added 1,679 additional shares and now holds a total of 2,439 shares of Ubiquiti Networks Inc which is valued at $97,340. Ubiquiti Networks Inc makes up approx 0.01% of Cutler Group Lp’s portfolio. Bnp Paribas Arbitrage Sa added UBNT to its portfolio by purchasing 1,007 company shares during the most recent quarter which is valued at $39,686.
Ubiquiti Networks Inc opened for trading at $40.05 and hit $40.46 on the upside on Monday, eventually ending the session at $40.08, with a gain of 0.55% or 0.22 points. The heightened volatility saw the trading volume jump to 2,00,656 shares. Company has a market cap of $3,324 M.
On the company’s financial health, Ubiquiti Networks Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.56. The company had revenue of $167.40 million for the quarter, compared to analysts expectations of $164.35 million. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Ubiquiti Networks Inc. Company shares were Upgraded by BMO Capital Markets on May 6, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $30 .Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .
Ubiquiti Networks Inc. develops high performance networking technology for service providers and enterprises. The Companys technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband wireless backhaul systems and routing. The Companys technology platforms for enterprises enable wireless local area network (WLAN) infrastructure video surveillance products and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.