3,594 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Retireful LLC

Retireful LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,594 shares of the company's stock, valued at approximately $1,115,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of 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 purchasing an additional 13,079 shares in the last quarter. Blue Trust Inc. grew its stake in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares during the last quarter. Caprock Group LLC increased its position in Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock worth $360,000 after buying an additional 24 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Ubiquiti in the fourth quarter valued at approximately $202,000. Finally, Choreo LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at approximately $308,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Ubiquiti stock traded up $5.71 during mid-day trading on Friday, reaching $408.12. 54,813 shares of the company were exchanged, compared to its average volume of 82,152. The firm's 50-day simple moving average is $350.92 and its two-hundred day simple moving average is $350.96. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98. The firm has a market cap of $24.69 billion, a PE ratio of 55.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti Dividend Announcement

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

Analysts Set New Price Targets

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