Treasurer of the State of North Carolina Purchases 7,190 Shares of Ubiquiti Inc. (NYSE:UI)

Treasurer of the State of North Carolina lifted its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 394.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,014 shares of the company's stock after acquiring an additional 7,190 shares during the quarter. Treasurer of the State of North Carolina's holdings in Ubiquiti were worth $2,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Caprock Group LLC increased its holdings in Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company's stock worth $360,000 after purchasing an additional 24 shares during the period. National Bank of Canada FI raised its holdings in Ubiquiti by 10.4% in the fourth quarter. National Bank of Canada FI now owns 350 shares of the company's stock valued at $116,000 after acquiring an additional 33 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 39 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock valued at $127,000 after purchasing an additional 41 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings 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 in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UI shares. Barclays dropped their price target on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th. BWS Financial reissued a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a report on Friday, April 4th.

Insider Transactions at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated Wednesday, February 12th. The stock was 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 trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 93.10% of the stock is owned by corporate insiders.

Ubiquiti Trading Down 3.3 %

UI stock traded down $9.99 during midday trading on Friday, reaching $296.55. 99,785 shares of the company's stock traded hands, compared to its average volume of 81,058. The company has a market capitalization of $17.94 billion, a P/E ratio of 40.29 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a fifty-two week low of $104.46 and a fifty-two week high of $469.98. The business has a 50-day moving average price of $316.19 and a two-hundred day moving average price of $326.17.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $1.36 EPS. Equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.81%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.

Ubiquiti Company 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.