Voya Investment Management LLC Trims Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Voya Investment Management LLC cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,107 shares of the company’s stock after selling 62 shares during the period. Voya Investment Management LLC’s holdings in Ubiquiti were worth $367,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC raised its position in Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. grew its position in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after buying an additional 63 shares during the period. Financial Perspectives Inc lifted its position in shares of Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after acquiring an additional 102 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock worth $56,000 after acquiring an additional 39 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. BWS Financial reissued a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a report on Friday, April 4th. Barclays reduced their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th.

Ubiquiti Stock Performance

NYSE UI opened at $410.01 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 55.71 and a beta of 1.32. Ubiquiti Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $469.98. The business has a fifty day moving average of $315.01 and a 200-day moving average of $335.60.

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, topping 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 previous year, the company posted $1.36 EPS. As a group, analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the firm’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 sale, the chief accounting officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 93.10% of the stock is currently owned by insiders.

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.