Ubiquiti Networks Inc (UBNT) : Bolton Lp reduced its stake in Ubiquiti Networks Inc by 44.88% during the Q4 period. The investment management company now holds a total of 19,900 shares of Ubiquiti Networks Inc which is valued at $657,098 after selling 16,200 shares in Ubiquiti Networks Inc according to the most recent disclosure to the SEC.Ubiquiti Networks Inc makes up approximately 1.58% of Bolton Lp’s portfolio.
Other Hedge Funds, Including , Ubs Oconnor sold out all of its stake in UBNT during the fourth quarter. The investment firm sold 608,724 shares of UBNT which is valued $20,100,066.Sawtooth Asset Management boosted its stake in UBNT during the Q4 period, The investment management firm added 24,018 additional shares and now holds a total of 24,349 shares of Ubiquiti Networks Inc which is valued at $804,004. Ubiquiti Networks Inc makes up approx 0.09% of Sawtooth Asset Management’s portfolio. Cim Investment Mangement Inc sold out all of its stake in UBNT during the fourth quarter. The investment firm sold 7,305 shares of UBNT which is valued $241,211. Engineers Gate Manager Lp added UBNT to its portfolio by purchasing 6,392 company shares during the Fourth Quarter which is valued at $211,064. Ubiquiti Networks Inc makes up approx 0.01% of Engineers Gate Manager Lp’s portfolio.
On the company’s financial health, Ubiquiti Networks Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.51. The company had revenue of $161.90 million for the quarter, compared to analysts expectations of $155.30 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on Ubiquiti Networks Inc. Ubiquiti Networks Inc was Upgraded by Raymond James to ” Mkt Perform” on Feb 5, 2016. Company shares were Upgraded by Wunderlich on Feb 5, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .Ubiquiti Networks Inc was Downgraded by Bernstein to ” Mkt Perform” on Jan 14, 2016.
Ubiquiti Networks Inc closed down -0.06 points or -0.18% at $33.02 with 4,09,810 shares getting traded on Friday. Post opening the session at $33.25, the shares hit an intraday low of $32.895 and an intraday high of $33.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.