State of Wyoming Lowers Stake in Ubiquiti Inc. (NYSE:UI)

State of Wyoming lowered its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 91.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after buying an additional 54 shares in the last quarter. Blue Trust Inc. raised its stake in shares of 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. Sterling Capital Management LLC grew its stake in 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 acquiring an additional 39 shares during the last quarter. Finally, Financial Perspectives Inc increased 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 acquiring an additional 102 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ubiquiti Trading Up 0.2%

NYSE:UI traded up $0.68 during mid-day trading on Tuesday, reaching $396.70. The company's stock had a trading volume of 9,550 shares, compared to its average volume of 82,252. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The stock has a market cap of $24.00 billion, a P/E ratio of 53.90 and a beta of 1.32. The company's fifty day simple moving average is $345.27 and its two-hundred day simple moving average is $349.75. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98.

Ubiquiti Announces Dividend

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