3,753 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,753 shares of the company's stock, valued at approximately $1,246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UI. Proficio Capital Partners LLC bought a new position in Ubiquiti in the fourth quarter valued at $15,425,000. West Michigan Advisors LLC bought a new position in shares of Ubiquiti in the 4th quarter valued at about $294,000. Versor Investments LP grew its holdings in shares of Ubiquiti by 254.5% in the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock valued at $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at about $8,619,000. Finally, Ieq Capital LLC raised its holdings in Ubiquiti by 169.8% during the fourth quarter. Ieq Capital LLC now owns 5,565 shares of the company's stock worth $1,847,000 after acquiring an additional 3,502 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Performance

NYSE:UI traded up $5.98 during mid-day trading on Monday, hitting $279.43. The stock had a trading volume of 182,008 shares, compared to its average volume of 80,587. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 37.97 and a beta of 1.31. The company's 50 day simple moving average is $337.09 and its 200 day simple moving average is $321.38.

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Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.86%. Ubiquiti's dividend payout ratio (DPR) is 32.61%.

Insider Buying and Selling 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 value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 93.10% of the company's stock.

Analyst Upgrades and Downgrades

UI has been the subject of a number of analyst reports. Barclays decreased their price target on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th. BWS Financial reissued a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Friday.

Ubiquiti Company 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.