Russell Investments Group Ltd. grew its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 60.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,182 shares of the company's stock after buying an additional 1,576 shares during the quarter. Russell Investments Group Ltd.'s holdings in Ubiquiti were worth $1,388,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in Ubiquiti by 22.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,508 shares of the company's stock valued at $2,160,000 after purchasing an additional 1,201 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Ubiquiti by 13.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,359 shares of the company's stock valued at $1,115,000 after purchasing an additional 397 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Ubiquiti during the 4th quarter worth approximately $724,000. Motley Fool Asset Management LLC bought a new position in shares of Ubiquiti during the fourth quarter worth approximately $295,000. Finally, Geode Capital Management LLC raised its position in shares of Ubiquiti by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 63,840 shares of the company's stock valued at $21,197,000 after buying an additional 765 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.
Ubiquiti Price Performance
Shares of Ubiquiti stock traded up $1.70 on Friday, reaching $314.55. 18,296 shares of the stock were exchanged, compared to its average volume of 80,666. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The firm has a market cap of $19.03 billion, a PE ratio of 42.68 and a beta of 1.31. The firm's 50 day moving average is $312.65 and its 200-day moving average is $327.51. Ubiquiti Inc. has a one year low of $106.39 and a one year high of $469.98.
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, topping 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 earned $1.36 earnings per share. As a group, analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.
Insider Activity at Ubiquiti
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 93.10% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
UI has been the topic of a number of recent research reports. BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research note on Friday, April 4th. Barclays reduced their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th.
Read Our Latest Report on UI
Ubiquiti Company 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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