Ubiquiti Inc. (NYSE:UI) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 60.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,182 shares of the company’s stock after purchasing an additional 1,576 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ubiquiti were worth $1,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UI. Caprock Group LLC lifted its position in Ubiquiti by 2.3% in the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after purchasing an additional 24 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company’s stock worth $116,000 after buying an additional 33 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 39 shares during the period. Hanseatic Management Services Inc. grew its holdings in Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after buying an additional 41 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after acquiring an additional 54 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Down 3.3 %

Shares of Ubiquiti stock opened at $296.55 on Monday. The stock has a 50-day simple moving average of $316.19 and a 200-day simple moving average of $326.88. Ubiquiti Inc. has a 52-week low of $104.46 and a 52-week high of $469.98. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31. 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 (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s payout ratio is 32.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UI. Barclays reduced their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th. BWS Financial reaffirmed a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 93.10% of the stock is owned by company insiders.

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.