Ubiquiti Inc. (NYSE:UI) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 394.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,014 shares of the company's stock after purchasing an additional 7,190 shares during the period. Treasurer of the State of North Carolina's holdings in Ubiquiti were worth $2,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UI. Farther Finance Advisors LLC boosted its stake in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. raised its position in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of 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. Finally, Principal Securities Inc. boosted its position in Ubiquiti by 89.3% during the fourth quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after purchasing an additional 108 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on UI. BWS Financial reissued a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a research report on Friday, April 4th. Barclays reduced their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th.

Insiders Place Their Bets

In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 93.10% of the company's stock.

Ubiquiti Stock Up 2.4 %

NYSE:UI traded up $6.80 during mid-day trading on Tuesday, hitting $294.34. 58,658 shares of the company's stock traded hands, compared to its average volume of 80,985. The company has a fifty day moving average of $314.06 and a 200 day moving average of $327.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. Ubiquiti Inc. has a twelve month low of $104.71 and a twelve month high of $469.98. The company has a market capitalization of $17.80 billion, a P/E ratio of 39.99 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter last year, the business earned $1.36 EPS. On average, analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. Ubiquiti's payout ratio is 32.61%.

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.