Unity Software Inc. (NYSE:U) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in Unity Software Inc. (NYSE:U) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,237 shares of the company’s stock after purchasing an additional 10,172 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Unity Software were worth $4,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Unity Software by 8.3% during the third quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock worth $810,483,000 after acquiring an additional 1,972,435 shares during the last quarter. ARK Investment Management LLC increased its stake in Unity Software by 6.2% during the fourth quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company’s stock worth $498,440,000 after acquiring an additional 712,579 shares during the last quarter. Norges Bank acquired a new stake in Unity Software during the fourth quarter worth $157,766,000. Clearbridge Investments LLC increased its stake in Unity Software by 2,365.2% during the first quarter. Clearbridge Investments LLC now owns 4,420,370 shares of the company’s stock worth $438,545,000 after acquiring an additional 4,241,060 shares during the last quarter. Finally, State Street Corp increased its stake in Unity Software by 5.9% during the third quarter. State Street Corp now owns 4,195,258 shares of the company’s stock worth $133,661,000 after acquiring an additional 235,447 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The disclosure for this sale can be found here. Insiders sold 341,723 shares of company stock valued at $9,577,516 in the last ninety days. Insiders own 9.00% of the company’s stock.

Unity Software Stock Up 0.5 %

Shares of NYSE U opened at $26.05 on Friday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -12.06 and a beta of 2.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The business has a 50-day moving average of $28.94 and a two-hundred day moving average of $30.91. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08.

Unity Software (NYSE:U) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned ($0.50) earnings per share. On average, analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on U. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 1st. The Goldman Sachs Group lifted their price objective on Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Wedbush dropped their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Barclays dropped their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.03.

Unity Software Profile

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.