Ubiquiti Inc. (NYSE:UI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,380 shares of the company's stock after selling 23,882 shares during the period. First Trust Advisors LP owned 0.06% of Ubiquiti worth $11,412,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Barclays PLC boosted its stake in Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock valued at $2,959,000 after acquiring an additional 13,079 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Ubiquiti by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock valued at $4,103,000 after purchasing an additional 2,174 shares during the last quarter. DGS Capital Management LLC acquired a new stake in shares of Ubiquiti in the 3rd quarter valued at about $213,000. JPMorgan Chase & Co. grew its stake in Ubiquiti by 20.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock worth $6,610,000 after buying an additional 5,045 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its position in Ubiquiti by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock worth $127,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Up 0.5 %

Ubiquiti stock opened at $314.35 on Monday. The stock has a 50 day moving average of $312.18 and a two-hundred day moving average of $329.37. Ubiquiti Inc. has a twelve month low of $106.99 and a twelve month high of $469.98. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 42.71 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 0.98 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 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 prior year, the firm earned $1.36 earnings per share. As a group, research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's payout ratio is 32.61%.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 93.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research report on Monday, February 10th. BWS Financial reissued a "buy" rating and set 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.