Nisa Investment Advisors LLC Reduces Position in Unity Software Inc. (NYSE:U)

Nisa Investment Advisors LLC lessened its stake in shares of Unity Software Inc. (NYSE:U) by 81.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,250 shares of the company’s stock after selling 49,550 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Unity Software were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Unity Software by 14.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,526 shares of the company’s stock worth $11,103,000 after acquiring an additional 34,407 shares during the period. Sowell Financial Services LLC lifted its stake in Unity Software by 16.0% in the fourth quarter. Sowell Financial Services LLC now owns 17,460 shares of the company’s stock worth $714,000 after acquiring an additional 2,413 shares during the period. International Assets Investment Management LLC lifted its stake in Unity Software by 2,887.0% in the fourth quarter. International Assets Investment Management LLC now owns 47,882 shares of the company’s stock worth $1,958,000 after acquiring an additional 46,279 shares during the period. Avitas Wealth Management LLC purchased a new stake in Unity Software in the fourth quarter worth $204,000. Finally, Asset Management One Co. Ltd. lifted its stake in Unity Software by 11.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 97,237 shares of the company’s stock worth $4,150,000 after acquiring an additional 10,172 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Barclays lowered their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Stifel Nicolaus raised their price objective on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Needham & Company LLC lowered their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Unity Software has an average rating of “Hold” and an average target price of $37.03.

Insider Buying and Selling

In related news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares in the company, valued at approximately $119,605,702.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares in the company, valued at approximately $119,605,702.14. The transaction was disclosed in a filing with the SEC, which is available at 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 sale, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,723 shares of company stock worth $9,577,516. 9.00% of the stock is owned by corporate insiders.

Unity Software Price Performance

Shares of NYSE:U opened at $23.73 on Thursday. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08. The business has a fifty day moving average price of $28.31 and a 200-day moving average price of $30.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60.

Unity Software (NYSE:U) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate 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 business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. During the same quarter in the previous year, the business posted ($0.50) earnings per share. Unity Software’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current year.

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.