Atwood & Palmer Inc. Purchases New Position in Ubiquiti Inc. (NYSE:UI)

Atwood & Palmer Inc. bought a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 660 shares of the company's stock, valued at approximately $205,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 39 shares during the last quarter. Venturi Wealth Management LLC grew its holdings 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 acquiring an additional 54 shares during the last quarter. Blue Trust Inc. increased its position in 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 acquiring an additional 63 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Down 2.8%

UI traded down $11.74 during trading on Tuesday, hitting $403.67. The company had a trading volume of 86,236 shares, compared to its average volume of 82,528. The company has a market capitalization of $24.42 billion, a PE ratio of 54.85 and a beta of 1.35. 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 Inc. has a one year low of $139.06 and a one year high of $469.98. The firm's 50-day moving average price is $354.65 and its 200 day moving average price is $351.93.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.59%. Ubiquiti's payout ratio is 26.43%.

Analysts Set New Price Targets

UI has been the topic of several research analyst reports. BWS Financial reissued a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a research note on Monday, May 12th. Barclays upped their price objective on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th.

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.