Zacks Investment Management Has $14.44 Million Position in Ubiquiti Inc. (NYSE:UI)

Zacks Investment Management increased its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,501 shares of the company's stock after purchasing an additional 3,397 shares during the quarter. Zacks Investment Management owned 0.07% of Ubiquiti worth $14,439,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC increased its position in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after buying an additional 63 shares during the period. Financial Perspectives Inc boosted its stake in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analysts Set New Price Targets

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

Ubiquiti Trading Up 3.3 %

Shares of Ubiquiti stock traded up $9.40 on Tuesday, reaching $296.94. 10,324 shares of the company were exchanged, compared to its average volume of 80,853. The stock has a fifty day moving average price of $315.05 and a 200-day moving average price of $327.30. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 40.38 and a beta of 1.31. Ubiquiti Inc. has a fifty-two week low of $104.46 and a fifty-two week 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, 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. On average, analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

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

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 93.10% of the company's stock.

Ubiquiti 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.