Edgestream Partners L.P. lifted its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 103.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,258 shares of the company's stock after acquiring an additional 5,204 shares during the quarter. Edgestream Partners L.P.'s holdings in Ubiquiti were worth $3,405,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its position in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after buying an additional 91 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. lifted its position in shares of Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after acquiring an additional 63 shares during the period. Financial Perspectives Inc grew its stake in shares of Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares during the period. Finally, Principal Securities Inc. raised its position in shares of Ubiquiti by 89.3% during the fourth quarter. Principal Securities Inc. now owns 229 shares of the company's stock worth $76,000 after purchasing an additional 108 shares during the period. Institutional investors own 4.00% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on UI. BWS Financial reiterated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th. Barclays cut 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. Finally, StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th.
Check Out Our Latest Stock Report on UI
Ubiquiti Stock Performance
Shares of UI stock traded up $5.17 during trading on Wednesday, hitting $307.75. The company's stock had a trading volume of 96,360 shares, compared to its average volume of 78,139. The business has a fifty day moving average of $364.66 and a 200-day moving average of $306.24. The company has a market cap of $18.62 billion, a PE ratio of 41.81 and a beta of 1.12. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 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 EPS for the quarter, topping the consensus estimate 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 earned $1.36 EPS. As a group, research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.
Ubiquiti Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.78%. Ubiquiti's payout ratio is presently 32.61%.
Insider Activity
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's 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 directly owns 2,484 shares of the company's stock, valued at $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 is available through this link. Insiders own 93.10% of the company's stock.
Ubiquiti Company Profile
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Free Report)
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.
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