Quantinno Capital Management LP increased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,682 shares of the company's stock after acquiring an additional 1,011 shares during the quarter. Quantinno Capital Management LP's holdings in Ubiquiti were worth $1,554,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. grew its position 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 purchasing an additional 63 shares during the last quarter. Sterling Capital Management LLC grew 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. Finally, Financial Perspectives Inc grew its position in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have issued reports on UI. BWS Financial reissued 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 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.
Get Our Latest Research Report on Ubiquiti
Ubiquiti Trading Down 0.2%
Shares of Ubiquiti stock opened at $392.63 on Friday. 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 quick ratio of 0.98 and a current ratio of 2.22. The company has a market capitalization of $23.75 billion, a P/E ratio of 53.35 and a beta of 1.32. The company's fifty day moving average is $334.37 and its two-hundred day moving average is $344.96.
Ubiquiti Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's payout ratio is 26.43%.
Ubiquiti Profile
(
Free Report)
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.
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