Franklin Resources Inc. purchased a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,209 shares of the company's stock, valued at approximately $4,716,000.
A number of other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Ubiquiti by 71.1% during 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 in the last quarter. Blue Trust Inc. raised its holdings in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Ubiquiti by 89.3% in the fourth quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after buying an additional 108 shares in the last quarter. Institutional investors own 4.00% of the company's stock.
Insiders Place Their Bets
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 93.10% of the company's stock.
Ubiquiti Stock Down 1.2 %
Shares of NYSE UI traded down $3.75 during trading on Wednesday, hitting $312.33. The stock had a trading volume of 8,944 shares, compared to its average volume of 80,656. 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 has a fifty day moving average of $320.35 and a two-hundred day moving average of $324.60. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a market capitalization of $18.89 billion, a PE ratio of 42.40 and a beta of 1.31.
Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data 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 20.68% and a return on equity of 296.82%. During the same period last year, the business posted $1.36 earnings per share. As a group, equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.77%. Ubiquiti's dividend payout ratio (DPR) is currently 32.61%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on UI shares. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th. BWS Financial restated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a report on Friday, April 4th.
Read Our Latest Stock Report on UI
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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