LPL Financial LLC Boosts Holdings in Ubiquiti Inc. (NYSE:UI)

LPL Financial LLC boosted its stake in Ubiquiti Inc. (NYSE:UI) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,297 shares of the company’s stock after buying an additional 210 shares during the quarter. LPL Financial LLC’s holdings in Ubiquiti were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. AXQ Capital LP purchased a new stake in shares of Ubiquiti in the fourth quarter valued at about $381,000. Sei Investments Co. acquired a new position in Ubiquiti in the 4th quarter valued at about $1,737,000. American Century Companies Inc. raised its stake in Ubiquiti by 198.3% during the 4th quarter. American Century Companies Inc. now owns 3,237 shares of the company’s stock valued at $1,074,000 after acquiring an additional 2,152 shares during the last quarter. Virtu Financial LLC acquired a new stake in Ubiquiti during the 4th quarter worth approximately $419,000. Finally, Quantbot Technologies LP purchased a new position in shares of Ubiquiti in the 4th quarter valued at approximately $932,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UI shares. Barclays cut their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th. BWS Financial restated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th.

Insider Activity

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred on 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 $864,407.16. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 93.10% of the company’s stock.

Ubiquiti Trading Down 3.0 %

Ubiquiti stock opened at $306.61 on Thursday. The stock has a market cap of $18.55 billion, a PE ratio of 41.66 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $318.63 and a 200 day moving average price of $324.48. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $1.36 earnings per share. Equities research analysts predict 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 given 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 0.78%. 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.