859 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Vest Financial LLC

Vest Financial LLC bought a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 859 shares of the company's stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Ubiquiti by 484.2% during the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after buying an additional 92 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Ubiquiti by 47.0% in the fourth 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 grew its position 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 purchasing an additional 54 shares in the last quarter. Blue Trust Inc. raised its position in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after buying an additional 63 shares during the period. Finally, Financial Perspectives Inc lifted its position in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ubiquiti Price Performance

Shares of UI stock traded down $3.53 during trading hours on Thursday, hitting $397.43. The company had a trading volume of 69,738 shares, compared to its average volume of 82,519. 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 firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 54.00 and a beta of 1.35. Ubiquiti Inc. has a 12 month low of $139.06 and a 12 month high of $469.98. The firm's fifty day moving average is $359.51 and its 200 day moving average is $352.63.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.60 per share. The ex-dividend date was Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

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.