BNP Paribas Financial Markets Purchases Shares of 1,459 Ubiquiti Inc. (NYSE:UI)

BNP Paribas Financial Markets purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,459 shares of the company's stock, valued at approximately $484,000.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Ubiquiti in the fourth quarter worth $3,050,000. Impact Partnership Wealth LLC acquired a new position in Ubiquiti in the fourth quarter valued at about $318,000. DGS Capital Management LLC raised its stake in Ubiquiti by 138.6% in the fourth quarter. DGS Capital Management LLC now owns 2,295 shares of the company's stock valued at $762,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings 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 buying an additional 63 shares during the period. 4.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UI shares. Barclays raised their price objective on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday, May 12th. BWS Financial restated a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Trading Up 3.4%

Shares of Ubiquiti stock traded up $13.24 on Tuesday, hitting $406.46. 93,539 shares of the company's stock traded hands, compared to its average volume of 82,206. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 55.23 and a beta of 1.32. The company has a fifty day moving average of $337.39 and a two-hundred day moving average of $347.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a one year low of $139.06 and a one year high of $469.98.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

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.