Ubiquiti Inc. (NYSE:UI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,137 shares of the company's stock after selling 1,495 shares during the period. Alliancebernstein L.P.'s holdings in Ubiquiti were worth $709,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UI. Versor Investments LP raised its position in Ubiquiti by 254.5% during the fourth quarter. Versor Investments LP now owns 3,900 shares of the company's stock valued at $1,295,000 after purchasing an additional 2,800 shares during the period. Barclays PLC boosted its position in Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock valued at $2,959,000 after buying an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of Ubiquiti during the 4th quarter worth approximately $2,180,000. Sei Investments Co. acquired a new position in shares of Ubiquiti in the 4th quarter valued at $1,737,000. Finally, Raymond James Financial Inc. purchased a new position in Ubiquiti in the fourth quarter valued at $1,246,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UI has been the subject of a number of recent analyst reports. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th. Barclays dropped their target price on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research report on Monday, February 10th.

Ubiquiti Trading Up 3.8 %

NYSE:UI traded up $11.52 on Thursday, hitting $313.27. The stock had a trading volume of 9,659 shares, compared to its average volume of 80,725. The company has a fifty day moving average price of $313.25 and a two-hundred day moving average price of $326.90. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 42.63 and a beta of 1.31. Ubiquiti Inc. has a 1-year low of $106.01 and a 1-year high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the business posted $1.36 EPS. Equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's payout ratio is currently 32.61%.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the business'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 transaction, the chief accounting officer now directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 93.10% of the stock is currently owned by insiders.

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.