Nomura Asset Management Co. Ltd. Has $2.64 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Unity Software Inc. (NYSE:UFree Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,540 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Unity Software were worth $2,639,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Unity Software in the 4th quarter valued at $379,180,000. Eagle Asset Management Inc. acquired a new position in shares of Unity Software in the 3rd quarter valued at $82,988,000. Vanguard Group Inc. grew its holdings in shares of Unity Software by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock valued at $810,483,000 after buying an additional 1,972,435 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Unity Software by 14.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock valued at $373,392,000 after buying an additional 1,170,058 shares during the period. Finally, Nikko Asset Management Americas Inc. grew its holdings in shares of Unity Software by 15.9% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 8,539,489 shares of the company’s stock valued at $349,094,000 after buying an additional 1,169,841 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Benchmark reaffirmed a “sell” rating and issued a $16.00 price objective on shares of Unity Software in a research report on Friday, May 10th. Stifel Nicolaus boosted their price objective on shares of Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Citigroup cut their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Barclays cut their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Unity Software in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.38.

Get Our Latest Report on U

Unity Software Trading Up 0.3 %

Shares of NYSE:U opened at $18.27 on Friday. The company’s 50 day moving average price is $23.60 and its two-hundred day moving average price is $29.54. Unity Software Inc. has a 12-month low of $18.03 and a 12-month high of $50.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15.

Unity Software (NYSE:UGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The firm had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. As a group, sell-side analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Insider Transactions at Unity Software

In other news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 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 SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 1,037 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 501,297 shares of company stock valued at $11,656,220. Company insiders own 6.30% of the company’s stock.

About Unity Software

(Free Report)

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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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