Unity Software Inc. (NYSE:U) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Unity Software Inc. (NYSE:U) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,500 shares of the company’s stock after selling 950 shares during the period. Nisa Investment Advisors LLC’s holdings in Unity Software were worth $304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Unity Software in the 4th quarter worth approximately $269,320,000. Slate Path Capital LP acquired a new stake in shares of Unity Software in the 4th quarter worth approximately $62,387,000. Broad Peak Investment Advisers Pte Ltd acquired a new stake in shares of Unity Software in the 1st quarter worth approximately $47,648,000. Capital International Investors grew its holdings in shares of Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after acquiring an additional 1,786,032 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Unity Software by 3,843.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock valued at $39,771,000 after buying an additional 1,725,070 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on U shares. UBS Group lowered their target price on Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company increased their target price on Unity Software from $19.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Bank of America started coverage on Unity Software in a report on Thursday, June 26th. They set an “underperform” rating and a $15.00 target price on the stock. Wedbush upgraded Unity Software to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Stifel Nicolaus decreased their price objective on Unity Software from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.20.

Unity Software Stock Up 14.3%

Shares of NYSE U opened at $33.95 on Thursday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $34.55. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of -30.31 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. The stock’s 50-day simple moving average is $24.53 and its 200-day simple moving average is $22.70.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same period in the previous year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 261,473 shares of Unity Software stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the completion of the transaction, the director directly owned 7,489,173 shares in the company, valued at $192,471,746.10. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James M. Whitehurst sold 72,955 shares of Unity Software stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total value of $1,549,564.20. Following the completion of the transaction, the director owned 240,311 shares of the company’s stock, valued at approximately $5,104,205.64. The trade was a 23.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,226,809 shares of company stock valued at $29,913,123. 3.61% of the stock is owned by company insiders.

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.