621 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Optimist Retirement Group LLC

Optimist Retirement Group LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 621 shares of the company's stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank lifted its stake in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after purchasing an additional 91 shares during the period. Blue Trust Inc. raised its holdings in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Ubiquiti during the 3rd quarter worth approximately $47,000. Hanseatic Management Services Inc. bought a new stake in Ubiquiti in the third quarter valued at $76,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ubiquiti during the third quarter worth $126,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BWS Financial boosted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Finally, Barclays raised their price target on Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a report on Monday, November 11th.

Ubiquiti Price Performance

NYSE:UI traded down $34.25 during mid-day trading on Friday, reaching $392.56. 272,602 shares of the company were exchanged, compared to its average volume of 96,580. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The stock has a market cap of $23.74 billion, a PE ratio of 60.77 and a beta of 1.14. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a fifty day moving average of $369.19 and a 200 day moving average of $281.25.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. On average, research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.61%. Ubiquiti's payout ratio is currently 37.15%.

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.