9,188 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC bought a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,188 shares of the company's stock, valued at approximately $3,050,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UI. Zacks Investment Management acquired a new stake in Ubiquiti during the third quarter valued at approximately $8,892,000. Pacer Advisors Inc. bought a new position in shares of Ubiquiti in the third quarter valued at $7,030,000. Millennium Management LLC lifted its position in shares of Ubiquiti by 86.2% during the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company's stock valued at $8,499,000 after acquiring an additional 27,011 shares during the last quarter. SW Investment Management LLC boosted its stake in shares of Ubiquiti by 9.1% during the 2nd quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock worth $43,698,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Down 0.2 %

Shares of UI stock traded down $0.94 on Friday, reaching $430.18. 87,944 shares of the company's stock traded hands, compared to its average volume of 76,327. The business's 50 day moving average price is $358.20 and its two-hundred day moving average price is $264.59. The company has a market capitalization of $26.01 billion, a P/E ratio of 66.59 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $438.12.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.37. The company had revenue of $550.34 million for the quarter, compared to analysts' expectations of $535.03 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. On average, equities analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.56%. Ubiquiti's payout ratio is 37.15%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. Barclays raised their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a report on Monday, November 11th. Finally, BWS Financial boosted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday, January 15th.

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.