Ieq Capital LLC Boosts Holdings in Ubiquiti Inc. (NYSE:UI)

Ieq Capital LLC increased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 169.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,565 shares of the company's stock after purchasing an additional 3,502 shares during the quarter. Ieq Capital LLC's holdings in Ubiquiti were worth $1,847,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of Ubiquiti by 95.0% in the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock worth $20,522,000 after acquiring an additional 30,118 shares during the period. Zacks Investment Management bought a new stake in shares of Ubiquiti during the third quarter worth $8,892,000. JPMorgan Chase & Co. increased its stake in shares of Ubiquiti by 20.4% in 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 in the last quarter. Tidal Investments LLC lifted its position in shares of Ubiquiti by 13.3% during the third quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock worth $4,103,000 after purchasing an additional 2,174 shares in the last quarter. Finally, Barclays PLC increased its position in Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Insider Activity

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction that occurred 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 directly owns 2,484 shares of the company's stock, valued at $864,407.16. The trade was a 28.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 93.10% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on UI shares. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th. Barclays dropped their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th. Finally, BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Monday, February 10th.

Ubiquiti Stock Down 2.0 %

NYSE UI traded down $6.73 on Thursday, reaching $333.20. The company had a trading volume of 87,855 shares, compared to its average volume of 108,041. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week 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. The company's fifty day moving average is $368.46 and its 200 day moving average is $296.33. The stock has a market capitalization of $20.16 billion, a P/E ratio of 45.27 and a beta of 1.14.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results 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 period last year, the company earned $1.36 earnings per share. Sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's payout ratio is 32.61%.

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.