Ubiquiti Inc. (NYSE:UI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,505 shares of the company's stock after purchasing an additional 2,294 shares during the quarter. Vanguard Group Inc. owned approximately 0.16% of Ubiquiti worth $31,369,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Versor Investments LP grew its stake in Ubiquiti by 254.5% in the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Barclays PLC lifted its position 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 purchasing an additional 13,079 shares during the period. Convergence Investment Partners LLC purchased a new position in Ubiquiti during the fourth quarter valued at approximately $2,180,000. Sei Investments Co. purchased a new stake in Ubiquiti during the fourth quarter worth $1,737,000. Finally, MML Investors Services LLC bought a new stake in Ubiquiti during the 3rd quarter valued at $327,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Stock Down 3.3 %

Shares of Ubiquiti stock traded down $9.99 during trading on Friday, reaching $296.55. The company's stock had a trading volume of 99,785 shares, compared to its average volume of 80,977. The company has a 50-day simple moving average of $316.19 and a two-hundred day simple moving average of $325.50. Ubiquiti Inc. has a 1-year low of $104.46 and a 1-year high of $469.98. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share 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 quarter last year, the business earned $1.36 EPS. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

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 $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. Ubiquiti's dividend payout ratio is currently 32.61%.

Insider Transactions at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the 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 transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 93.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UI shares. Barclays decreased their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th.

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.