Gotham Asset Management LLC Acquires 1,184 Shares of Ubiquiti Inc. (NYSE:UI)

Gotham Asset Management LLC grew its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 32,296 shares of the company's stock after acquiring an additional 1,184 shares during the period. Gotham Asset Management LLC owned 0.05% of Ubiquiti worth $10,720,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of UI. Farther Finance Advisors LLC increased its holdings in Ubiquiti by 47.0% in 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 during the period. Venturi Wealth Management LLC increased its holdings in 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 purchasing an additional 54 shares during the period. Blue Trust Inc. increased its holdings in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after purchasing an additional 63 shares during the period. Sterling Capital Management LLC grew its holdings 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 acquiring an additional 39 shares during the period. Finally, Financial Perspectives Inc grew its holdings 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 acquiring an additional 102 shares during the period. 4.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UI shares. BWS Financial reiterated a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th. Barclays increased their price target on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th.

Ubiquiti Trading Up 3.5%

Ubiquiti stock traded up $14.68 during trading hours on Friday, reaching $435.45. 87,114 shares of the company's stock were exchanged, compared to its average volume of 81,850. The firm has a market capitalization of $26.34 billion, a PE ratio of 59.16 and a beta of 1.32. The firm's 50 day simple moving average is $326.96 and its 200 day simple moving average is $341.69. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98.

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

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.55%. Ubiquiti's dividend payout ratio (DPR) 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.