Ubiquiti Inc. (NYSE:UI) Position Lessened by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina reduced its position in Ubiquiti Inc. (NYSE:UI – Get Rating) by 30.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,795 shares of the company’s stock after selling 770 shares during the period. Treasurer of the State of North Carolina’s holdings in Ubiquiti were worth $491,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UI. FORA Capital LLC acquired a new position in shares of Ubiquiti during the 4th quarter worth $367,000. DekaBank Deutsche Girozentrale raised its holdings in Ubiquiti by 164.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 98 shares of the company’s stock valued at $27,000 after buying an additional 61 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Ubiquiti by 29.0% in the third quarter. Hsbc Holdings PLC now owns 1,882 shares of the company’s stock worth $560,000 after buying an additional 423 shares during the last quarter. SP Asset Management LLC bought a new stake in shares of Ubiquiti during the 4th quarter worth about $274,000. Finally, LRT Capital Management LLC increased its holdings in shares of Ubiquiti by 14.1% during the 3rd quarter. LRT Capital Management LLC now owns 12,592 shares of the company’s stock valued at $3,697,000 after acquiring an additional 1,552 shares during the last quarter. Institutional investors own 3.59% of the company’s stock.

Ubiquiti Price Performance

Shares of UI opened at $171.80 on Monday. The company’s fifty day moving average price is $236.64 and its 200 day moving average price is $261.80. The company has a market capitalization of $10.38 billion, a PE ratio of 26.19 and a beta of 1.27. Ubiquiti Inc. has a one year low of $168.72 and a one year high of $350.63.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 15th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, May 12th. Ubiquiti’s dividend payout ratio is currently 36.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Ubiquiti in a report on Thursday. They issued a “hold” rating for the company. Barclays reduced their price objective on shares of Ubiquiti from $266.00 to $207.00 in a research note on Sunday, May 7th.

Ubiquiti Profile

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Ubiquiti, Inc is a company that focuses on democratizing network technology. It sells networking equipment and provides related software platforms. The firm develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.