Zurcher Kantonalbank Zurich Cantonalbank Buys 6,281 Shares of Unity Software Inc. (NYSE:U)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Unity Software Inc. (NYSE:U) by 14.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,313 shares of the company’s stock after acquiring an additional 6,281 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Unity Software were worth $2,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after buying an additional 778 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth about $33,000. Impact Partnership Wealth LLC raised its position in shares of Unity Software by 1,151.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock worth $39,000 after purchasing an additional 1,151 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of Unity Software during the third quarter worth about $48,000. Finally, Global Retirement Partners LLC raised its position in shares of Unity Software by 112.1% during the third quarter. Global Retirement Partners LLC now owns 1,752 shares of the company’s stock worth $52,000 after purchasing an additional 926 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 0.9 %

U opened at $23.10 on Wednesday. The business has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $30.55. Unity Software Inc. has a 1 year low of $22.20 and a 1 year high of $50.08. 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 results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The firm had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.50) earnings per share. Equities analysts anticipate that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on 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 transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on 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 transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at $13,128,293.95. The disclosure for this sale can be found here. Insiders sold 341,723 shares of company stock worth $9,577,516 in the last ninety days. 9.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Monday, February 12th. Stifel Nicolaus raised their price target on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. William Blair reaffirmed an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. The Goldman Sachs Group raised their price target on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Finally, Needham & Company LLC dropped their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of “Hold” and an average 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.