Ubiquiti Inc. (NYSE:UI) Shares Purchased by Whipplewood Advisors LLC

Whipplewood Advisors LLC boosted its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 66,500.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 666 shares of the company's stock after acquiring an additional 665 shares during the period. Whipplewood Advisors LLC's holdings in Ubiquiti were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UI. Versant Capital Management Inc grew its position in shares of Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after purchasing an additional 92 shares during the period. Farther Finance Advisors LLC boosted its stake in Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after buying an additional 54 shares during the last quarter. Blue Trust Inc. grew its holdings in Ubiquiti by 78.8% in the 4th 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, Sterling Capital Management LLC increased its stake in shares of 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 acquiring an additional 39 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UI has been the topic of several research analyst reports. Barclays raised their target price 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. BWS Financial reiterated a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th.

Ubiquiti Trading Up 1.5%

NYSE:UI traded up $5.86 on Friday, hitting $408.27. 30,008 shares of the stock were exchanged, compared to its average volume of 82,061. The stock has a market cap of $24.70 billion, a PE ratio of 55.41 and a beta of 1.32. 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 stock has a fifty day moving average of $350.92 and a 200-day moving average of $350.96. Ubiquiti Inc. has a fifty-two week low of $139.06 and a fifty-two week high of $469.98.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.59%. Ubiquiti's dividend payout ratio is currently 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.