Ubiquiti Inc. (NYSE:UI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Ubiquiti Inc. (NYSE:UI) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,505 shares of the company’s stock after acquiring an additional 2,294 shares during the quarter. Vanguard Group Inc. owned 0.16% of Ubiquiti worth $31,369,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Caprock Group LLC raised its stake in Ubiquiti by 2.3% in the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock worth $360,000 after acquiring an additional 24 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in shares of Ubiquiti by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after purchasing an additional 41 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after purchasing an additional 54 shares during the period. Finally, Blue Trust Inc. boosted its position in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on UI. Barclays reduced their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th. BWS Financial restated a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a research report on Friday, April 4th.

Ubiquiti Stock Up 2.7 %

Shares of UI stock opened at $307.94 on Monday. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The stock has a market cap of $18.63 billion, a P/E ratio of 41.84 and a beta of 1.31. The stock has a 50 day moving average of $324.85 and a 200 day moving average of $324.02. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter last year, the business posted $1.36 earnings per share. As a group, sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.78%. Ubiquiti’s dividend payout ratio (DPR) is currently 32.61%.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 93.10% of the company’s stock.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.