Ubiquiti Inc. (NYSE:UI) Stock Holdings Lessened by Invesco Ltd.

Invesco Ltd. lowered its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 31.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,276 shares of the company's stock after selling 5,706 shares during the period. Invesco Ltd.'s holdings in Ubiquiti were worth $4,075,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in Ubiquiti by 926.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock valued at $37,609,000 after purchasing an additional 102,268 shares during the last quarter. Norges Bank acquired a new position in Ubiquiti in the fourth quarter valued at approximately $16,166,000. Proficio Capital Partners LLC bought a new position in shares of Ubiquiti during the fourth quarter valued at approximately $15,425,000. Pacer Advisors Inc. raised its position in shares of Ubiquiti by 95.0% during the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock worth $20,522,000 after purchasing an additional 30,118 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of Ubiquiti in the 4th quarter worth approximately $9,274,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 93.10% of the company's stock.

Ubiquiti Stock Performance

UI traded up $3.13 during trading hours on Friday, hitting $337.96. The company's stock had a trading volume of 8,880 shares, compared to its average volume of 80,075. The company has a 50-day simple moving average of $311.89 and a 200 day simple moving average of $330.55. 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 firm has a market capitalization of $20.44 billion, a PE ratio of 45.92 and a beta of 1.31. Ubiquiti Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating 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 company earned $1.36 EPS. As a group, sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.

Wall Street Analysts Forecast Growth

UI has been the topic of several analyst reports. Barclays dropped their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research report on Monday, February 10th. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th.

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.