Cerity Partners LLC Has $520,000 Holdings in Ubiquiti Inc. (NYSE:UI)

Cerity Partners LLC grew its stake in Ubiquiti Inc. (NYSE:UI) by 22.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,676 shares of the company’s stock after buying an additional 307 shares during the period. Cerity Partners LLC’s holdings in Ubiquiti were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UI. Golden State Wealth Management LLC acquired a new position in shares of Ubiquiti during the 1st quarter worth about $25,000. Versant Capital Management Inc lifted its position in shares of Ubiquiti by 484.2% during the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock worth $56,000 after purchasing an additional 39 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Ubiquiti during the 4th quarter worth about $74,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Ubiquiti by 49.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 235 shares of the company’s stock worth $78,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Down 0.4%

Ubiquiti stock opened at $445.38 on Friday. The business has a 50 day moving average price of $407.77 and a two-hundred day moving average price of $367.22. The stock has a market cap of $26.94 billion, a price-to-earnings ratio of 49.05 and a beta of 1.34. Ubiquiti Inc. has a 12 month low of $156.94 and a 12 month high of $469.98.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.54%. Ubiquiti’s dividend payout ratio (DPR) is 26.43%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UI. BWS Financial reissued a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday, July 11th. Barclays upped their price target on Ubiquiti from $222.00 to $247.00 and gave the company an “underweight” rating in a report on Monday, May 12th.

Ubiquiti Profile

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.