Treasurer of the State of North Carolina Has $491,000 Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Treasurer of the State of North Carolina reduced its holdings in Ubiquiti Inc. (NYSE:UI – Get Rating) by 30.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,795 shares of the company’s stock after selling 770 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Ubiquiti were worth $491,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SW Investment Management LLC lifted its position in shares of Ubiquiti by 18.2% in the 1st quarter. SW Investment Management LLC now owns 130,000 shares of the company’s stock worth $37,850,000 after purchasing an additional 20,000 shares during the period. State Street Corp boosted its position in Ubiquiti by 2.5% during the first quarter. State Street Corp now owns 105,612 shares of the company’s stock valued at $30,750,000 after acquiring an additional 2,610 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ubiquiti by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 105,479 shares of the company’s stock worth $30,710,000 after acquiring an additional 739 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ubiquiti by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 45,519 shares of the company’s stock worth $11,298,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new position in shares of Ubiquiti in the 1st quarter valued at about $10,124,000. Institutional investors own 3.59% of the company’s stock.

Ubiquiti Trading Down 0.9 %

Shares of UI stock opened at $171.80 on Monday. Ubiquiti Inc. has a 12 month low of $168.72 and a 12 month high of $350.63. The firm has a market capitalization of $10.38 billion, a PE ratio of 26.19 and a beta of 1.27. The firm has a fifty day simple moving average of $236.64 and a two-hundred day simple moving average of $261.80.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 15th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $2.40 annualized dividend and a yield of 1.40%. Ubiquiti’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

UI has been the subject of a number of research analyst reports. StockNews.com started coverage on Ubiquiti in a report on Thursday. They issued a “hold” rating for the company. Barclays cut their price objective on shares of Ubiquiti from $266.00 to $207.00 in a research report on Sunday, May 7th.

Ubiquiti Profile

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Ubiquiti, Inc is a company that focuses on democratizing network technology. It sells networking equipment and provides related software platforms. The firm develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.