Ubiquiti Inc. (NYSE:UI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 47.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,825 shares of the company's stock after selling 4,363 shares during the period. Nisa Investment Advisors LLC's holdings in Ubiquiti were worth $1,496,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in Ubiquiti by 10.4% in 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares in the last quarter. Sterling Capital Management LLC raised its position in Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after purchasing an additional 39 shares during the last quarter. Parallel Advisors LLC boosted its position in Ubiquiti by 6.0% during the first quarter. Parallel Advisors LLC now owns 727 shares of the company's stock valued at $225,000 after acquiring an additional 41 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Ubiquiti by 26.2% in the first quarter. Raleigh Capital Management Inc. now owns 361 shares of the company's stock valued at $112,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BWS Financial reissued a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a report on Friday. Barclays raised their price target on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th.

Ubiquiti Trading Down 0.5%

Ubiquiti stock traded down $2.10 during mid-day trading on Tuesday, hitting $410.37. The stock had a trading volume of 89,461 shares, compared to its average volume of 88,340. The firm's 50 day moving average is $400.89 and its 200 day moving average is $361.30. The firm has a market capitalization of $24.82 billion, a P/E ratio of 45.19 and a beta of 1.34. Ubiquiti Inc. has a one year low of $156.94 and a one year high of $469.98.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 0.58%. Ubiquiti's payout ratio is presently 26.43%.

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.