Ubiquiti Inc. (NYSE:UI) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,775 shares of the company’s stock after selling 326 shares during the quarter. XTX Topco Ltd’s holdings in Ubiquiti were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CreativeOne Wealth LLC acquired a new position in Ubiquiti in the fourth quarter valued at approximately $245,000. Mariner LLC lifted its stake in shares of Ubiquiti by 4.9% in the 4th quarter. Mariner LLC now owns 4,345 shares of the company’s stock valued at $1,442,000 after purchasing an additional 204 shares during the period. Sterling Capital Management LLC boosted its holdings in Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock worth $56,000 after buying an additional 39 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Ubiquiti by 394.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 9,014 shares of the company’s stock valued at $2,992,000 after buying an additional 7,190 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Ubiquiti in the fourth quarter worth about $1,246,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of the company’s 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 of the company’s stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 93.10% of the company’s stock.

Ubiquiti Trading Down 3.3 %

UI stock opened at $296.55 on Friday. Ubiquiti Inc. has a 12-month low of $104.46 and a 12-month high of $469.98. The business’s 50-day moving average is $316.19 and its 200 day moving average is $325.50. 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 market cap of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31.

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

Ubiquiti Dividend Announcement

The firm also recently announced 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 was Tuesday, February 18th. Ubiquiti’s payout ratio is 32.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BWS Financial reaffirmed a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a report on Friday, April 4th. Barclays decreased their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th.

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.