1,148 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,148 shares of the company’s stock, valued at approximately $381,000.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its position 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 buying an additional 54 shares in the last quarter. Blue Trust Inc. boosted its position 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 buying an additional 63 shares in the last quarter. Financial Perspectives Inc boosted its position in Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after buying an additional 102 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in Ubiquiti by 89.3% in the fourth quarter. Principal Securities Inc. now owns 229 shares of the company’s stock valued at $76,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction on Wednesday, February 12th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 93.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BWS Financial restated a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday, February 10th. Barclays cut their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th.

Ubiquiti Price Performance

UI stock opened at $317.33 on Monday. The company has a fifty day moving average price of $359.15 and a 200-day moving average price of $313.10. The company has a market capitalization of $19.19 billion, a P/E ratio of 43.11 and a beta of 1.12. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) 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 quarter in the prior year, the company earned $1.36 earnings per share. As a group, equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, February 18th. Ubiquiti’s payout ratio is currently 32.61%.

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.