State of Wyoming Has $39,000 Holdings in Ubiquiti Inc. (NYSE:UI)

State of Wyoming trimmed its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 91.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118 shares of the company's stock after selling 1,231 shares during the quarter. State of Wyoming's holdings in Ubiquiti were worth $39,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in UI. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after buying an additional 54 shares during the last quarter. Blue Trust Inc. lifted its holdings in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after purchasing an additional 63 shares during the last quarter. Financial Perspectives Inc lifted its holdings in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after purchasing an additional 102 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Ubiquiti by 30.2% during 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 last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Price Performance

Ubiquiti stock traded up $7.27 during midday trading on Tuesday, reaching $403.29. The company's stock had a trading volume of 80,565 shares, compared to its average volume of 82,571. Ubiquiti Inc. has a 52 week low of $139.06 and a 52 week high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $347.15 and a 200-day moving average price of $350.13. The stock has a market cap of $24.40 billion, a PE ratio of 54.80 and a beta of 1.32.

Ubiquiti Dividend Announcement

The company also recently declared 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 currently 26.43%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Ubiquiti from $222.00 to $247.00 and gave the stock 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.

About Ubiquiti

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.