Ubiquiti Inc. (NYSE:UI) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. grew its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 198.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,237 shares of the company's stock after acquiring an additional 2,152 shares during the period. American Century Companies Inc.'s holdings in Ubiquiti were worth $1,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Ubiquiti by 95.0% in the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock valued at $20,522,000 after acquiring an additional 30,118 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Ubiquiti in the 4th quarter valued at about $15,425,000. JPMorgan Chase & Co. lifted its stake in shares of Ubiquiti by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock valued at $6,610,000 after buying an additional 5,045 shares during the period. Wealthfront Advisers LLC acquired a new stake in Ubiquiti during the fourth quarter worth approximately $9,274,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Ubiquiti in the 4th quarter worth approximately $8,619,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 93.10% of the company's stock.

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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 research report on Friday, April 4th. Barclays cut their price target on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th.

Ubiquiti Trading Down 1.1 %

UI stock traded down $3.51 during midday trading on Wednesday, reaching $312.57. 3,542 shares of the company's stock traded hands, compared to its average volume of 100,882. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The business has a 50-day moving average price of $320.35 and a two-hundred day moving average price of $324.60. The company has a market capitalization of $18.91 billion, a P/E ratio of 42.53 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $1.36 EPS. Equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio (DPR) is 32.61%.

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.