1,459 Shares in Ubiquiti Inc. (NYSE:UI) Bought by BNP Paribas Financial Markets

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

A number of other institutional investors and hedge funds also recently made changes to their positions in UI. Caprock Group LLC lifted its holdings in Ubiquiti by 2.3% in the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after buying an additional 24 shares during the period. National Bank of Canada FI raised its position in shares of Ubiquiti by 10.4% during the 4th quarter. National Bank of Canada FI now owns 350 shares of the company's stock valued at $116,000 after acquiring an additional 33 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Ubiquiti by 71.1% in 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 last quarter. Institutional investors own 4.00% of the company's stock.

Ubiquiti Trading Down 2.5%

UI traded down $10.17 during mid-day trading on Thursday, hitting $396.94. The stock had a trading volume of 69,834 shares, compared to its average volume of 82,256. The stock's fifty day simple moving average is $342.17 and its 200-day simple moving average is $348.89. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 53.93 and a beta of 1.32. Ubiquiti Inc. has a 1-year low of $139.06 and a 1-year high of $469.98. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

Analysts Set New Price Targets

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

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.