ExodusPoint Capital Management LP bought a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,181 shares of the company's stock, valued at approximately $724,000.
Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in Ubiquiti by 926.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock worth $37,609,000 after buying an additional 102,268 shares during the period. Vanguard Group Inc. increased its stake in Ubiquiti by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 94,505 shares of the company's stock valued at $31,369,000 after purchasing an additional 2,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ubiquiti by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 63,840 shares of the company's stock worth $21,197,000 after purchasing an additional 765 shares during the last quarter. Pacer Advisors Inc. boosted its position in Ubiquiti by 95.0% during the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock worth $20,522,000 after purchasing an additional 30,118 shares in the last quarter. Finally, Norges Bank acquired a new stake in Ubiquiti in the fourth quarter valued at $16,166,000. 4.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on UI. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th. Barclays lowered their price target 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.
Get Our Latest Report on Ubiquiti
Insider Buying and Selling
In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction 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 in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 93.10% of the company's stock.
Ubiquiti Trading Up 1.7 %
NYSE:UI traded up $5.42 on Tuesday, reaching $316.57. The stock had a trading volume of 42,857 shares, compared to its average volume of 80,878. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 43.01 and a beta of 1.31. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $469.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm's fifty day moving average is $322.55 and its two-hundred day moving average is $324.66.
Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $1.36 EPS. Equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 32.61%.
Ubiquiti Profile
(
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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