Ubiquiti Inc. (NYSE:UI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,864 shares of the company's stock after selling 1,319 shares during the period. Price T Rowe Associates Inc. MD's holdings in Ubiquiti were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position 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 purchasing an additional 39 shares during the period. Venturi Wealth Management LLC boosted 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 acquiring an additional 54 shares in the last quarter. Blue Trust Inc. increased its position in shares of Ubiquiti by 78.8% during the fourth 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. Financial Perspectives Inc grew its holdings 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 acquiring an additional 102 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Insider Activity

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 owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 93.10% of the company's stock.

Ubiquiti Trading Up 5.1%

Shares of NYSE UI traded up $22.21 during trading hours on Tuesday, hitting $456.42. 148,454 shares of the company traded hands, compared to its average volume of 82,194. Ubiquiti Inc. has a 12 month low of $128.07 and a 12 month high of $469.98. The stock has a market capitalization of $27.61 billion, a price-to-earnings ratio of 62.01 and a beta of 1.32. The company's 50 day moving average price is $317.02 and its 200 day moving average price is $337.42. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 firm posted $1.36 EPS. On average, equities research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently declared 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 is Monday, May 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.53%. Ubiquiti's payout ratio is 32.61%.

Wall Street Analysts Forecast Growth

UI has been the subject of a number of research reports. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday. Barclays raised their price target on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday.

Ubiquiti 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.