Ubiquiti Inc. (NYSE:UI) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in shares of Ubiquiti Inc. (NYSE:UI) by 71.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130 shares of the company’s stock after purchasing an additional 54 shares during the period. Venturi Wealth Management LLC’s holdings in Ubiquiti were worth $43,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new stake in shares of Ubiquiti in the third quarter valued at $8,892,000. Pacer Advisors Inc. acquired a new stake in shares of Ubiquiti in the third quarter valued at $7,030,000. Barclays PLC raised its stake in shares of Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after acquiring an additional 13,079 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at $3,050,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Ubiquiti in the third quarter valued at $1,121,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UI has been the topic of several analyst reports. Barclays reduced their price objective on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday, February 10th. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Finally, BWS Financial reissued a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a report on Monday, February 10th.

Insiders Place Their Bets

In other Ubiquiti 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 transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 93.10% of the company’s stock.

Ubiquiti Stock Performance

NYSE:UI opened at $323.53 on Wednesday. The firm has a market capitalization of $19.57 billion, a PE ratio of 43.96 and a beta of 1.14. The business’s fifty day moving average price is $368.19 and its 200 day moving average price is $296.02. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 EPS 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 period last year, the firm earned $1.36 EPS. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, February 18th. Ubiquiti’s payout ratio is 32.61%.

About Ubiquiti

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.