HighTower Advisors LLC Buys 805 Shares of Unity Software Inc. (NYSE:U)

HighTower Advisors LLC grew its holdings in Unity Software Inc. (NYSE:U – Get Rating) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,041 shares of the company’s stock after acquiring an additional 805 shares during the quarter. HighTower Advisors LLC’s holdings in Unity Software were worth $2,970,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of U. Clearbridge Investments LLC increased its stake in shares of Unity Software by 2,365.2% in the first quarter. Clearbridge Investments LLC now owns 4,420,370 shares of the company’s stock valued at $438,545,000 after buying an additional 4,241,060 shares during the period. Vanguard Group Inc. boosted its holdings in Unity Software by 17.2% in the first quarter. Vanguard Group Inc. now owns 17,279,116 shares of the company’s stock valued at $1,714,261,000 after acquiring an additional 2,531,507 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Unity Software by 184.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,411,870 shares of the company’s stock worth $88,805,000 after purchasing an additional 1,564,719 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Unity Software by 403.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,879,738 shares of the company’s stock worth $59,888,000 after purchasing an additional 1,506,264 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Unity Software by 52.5% in the 2nd quarter. State Street Corp now owns 3,959,811 shares of the company’s stock worth $145,800,000 after purchasing an additional 1,363,422 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on U shares. Piper Sandler increased their target price on Unity Software from $33.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. DA Davidson increased their price target on Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Oppenheimer lowered Unity Software from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Morgan Stanley increased their price target on Unity Software from $27.50 to $28.00 in a research report on Thursday, May 11th. Finally, Citigroup lowered their price target on Unity Software from $54.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.06.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Marc Whitten sold 3,889 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $30.27, for a total value of $117,720.03. Following the completion of the sale, the senior vice president now owns 677,682 shares in the company, valued at $20,513,434.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Luis Felipe Visoso sold 6,523 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $30.30, for a total transaction of $197,646.90. Following the completion of the transaction, the chief financial officer now owns 732,215 shares in the company, valued at $22,186,114.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Marc Whitten sold 3,889 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $30.27, for a total value of $117,720.03. Following the transaction, the senior vice president now owns 677,682 shares of the company’s stock, valued at approximately $20,513,434.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,328 shares of company stock worth $4,926,866. 6.90% of the stock is currently owned by insiders.

Unity Software Trading Down 3.8 %

NYSE:U opened at $29.10 on Monday. The business has a 50 day moving average of $28.88 and a 200 day moving average of $31.23. Unity Software Inc. has a 1-year low of $21.22 and a 1-year high of $58.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.39 and a current ratio of 2.39.

Unity Software (NYSE:U – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). The firm had revenue of $450.97 million during the quarter, compared to the consensus estimate of $433.25 million. Unity Software had a negative return on equity of 23.63% and a negative net margin of 63.42%. As a group, research analysts anticipate that Unity Software Inc. will post -1.46 earnings per share for the current fiscal year.

Unity Software Profile

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Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.