DekaBank Deutsche Girozentrale Lowers Stake in Unity Software Inc. (NYSE:U)

DekaBank Deutsche Girozentrale cut its position in shares of Unity Software Inc. (NYSE:U) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,437 shares of the company’s stock after selling 5,015 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Unity Software were worth $1,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Unity Software by 4.8% during the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after buying an additional 72,770 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after buying an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Unity Software by 20.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after buying an additional 620 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Unity Software in the third quarter valued at approximately $414,000. Finally, F M Investments LLC purchased a new stake in Unity Software in the third quarter valued at approximately $1,065,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Price Performance

NYSE U opened at $25.31 on Monday. The company’s fifty day simple moving average is $28.79 and its 200-day simple moving average is $30.87. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60.

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

Insider Transactions at Unity Software

In related news, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction on Monday, January 29th. The shares were 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 owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction on Monday, January 29th. The shares were 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 owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the sale, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at approximately $11,817,919.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,723 shares of company stock valued at $9,577,516. Corporate insiders own 9.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. HSBC assumed coverage on shares of Unity Software in a report on Monday, December 18th. They issued a “hold” rating and a $37.00 target price for the company. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price for the company. in a report on Monday, February 12th. Citigroup lowered their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Wedbush lowered their target price on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, Barclays reduced their price target on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.03.

About Unity Software

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.