Ubiquiti Inc. (NYSE:UI) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,545 shares of the company's stock after selling 4,148 shares during the quarter. Logan Capital Management Inc. owned about 0.05% of Ubiquiti worth $10,139,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 39 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after buying an additional 54 shares in the last quarter. Blue Trust Inc. increased its stake in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares during the last quarter. Sterling Capital Management LLC increased its stake in Ubiquiti by 30.2% during the fourth 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 last quarter. Finally, Financial Perspectives Inc increased its stake in Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UI. Barclays raised their target price on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. BWS Financial reissued a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday, May 12th.

Ubiquiti Stock Up 3.5%

NYSE UI traded up $14.68 during trading on Friday, reaching $435.45. 87,114 shares of the company's stock were exchanged, compared to its average volume of 81,933. The stock has a market cap of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32. 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 company has a 50 day moving average price of $326.96 and a two-hundred day moving average price of $341.13. Ubiquiti Inc. has a 1 year low of $139.06 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the business posted $1.36 earnings per share. On average, equities research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

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