1,655 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new stake in shares of Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,655 shares of the company’s stock, valued at approximately $549,000.

A number of other large investors have also recently added to or reduced their stakes in UI. Versor Investments LP lifted its position in shares of Ubiquiti by 254.5% during the 4th quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,800 shares during the last quarter. Barclays PLC lifted its holdings in shares of Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after purchasing an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Ubiquiti during the fourth quarter valued at $2,180,000. MML Investors Services LLC acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $327,000. Finally, Monument Capital Management purchased a new position in Ubiquiti in the 4th quarter worth about $354,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Trading Down 5.4 %

NYSE:UI opened at $274.04 on Monday. The stock has a market cap of $16.58 billion, a PE ratio of 37.23 and a beta of 1.31. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The stock’s 50-day moving average is $339.36 and its two-hundred day moving average is $320.91.

Ubiquiti (NYSE:UI) last released its quarterly earnings data 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 net margin of 20.68% and a return on equity of 296.82%. During the same period last year, the firm posted $1.36 EPS. As a group, equities research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.88%. Ubiquiti’s dividend payout ratio (DPR) is currently 32.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on UI shares. Barclays decreased their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday, February 10th. BWS Financial reiterated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday.

Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 93.10% of the company’s stock.

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.