Ubiquiti (NYSE:UI) Shares Gap Down After Analyst Downgrade

Ubiquiti Inc. (NYSE:UI - Get Free Report) gapped down prior to trading on Monday after Barclays lowered their price target on the stock from $236.00 to $222.00. The stock had previously closed at $390.01, but opened at $381.96. Barclays currently has an underweight rating on the stock. Ubiquiti shares last traded at $329.89, with a volume of 41,626 shares traded.

Several other research firms have also recently weighed in on UI. StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. BWS Financial lifted their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the business'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 transaction of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 93.10% of the company's stock.

Institutional Trading of Ubiquiti

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Ubiquiti during the fourth quarter worth $338,000. Jane Street Group LLC grew its stake in shares of Ubiquiti by 826.2% in the 4th quarter. Jane Street Group LLC now owns 12,198 shares of the company's stock valued at $4,049,000 after buying an additional 10,881 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Ubiquiti by 100.1% in the 4th quarter. AQR Capital Management LLC now owns 99,199 shares of the company's stock valued at $32,927,000 after buying an additional 49,616 shares in the last quarter. Northern Trust Corp grew its stake in shares of Ubiquiti by 54.2% in the 4th quarter. Northern Trust Corp now owns 25,476 shares of the company's stock valued at $8,456,000 after buying an additional 8,955 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Ubiquiti in the 4th quarter valued at approximately $211,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Trading Down 0.3 %

The firm has a market cap of $20.70 billion, a P/E ratio of 52.98 and a beta of 1.14. The company has a 50 day moving average of $369.46 and a 200 day moving average of $285.46. 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 (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. Ubiquiti's dividend payout ratio (DPR) is presently 37.15%.

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.