Northwestern Mutual Wealth Management Co. Has $84,000 Holdings in Unity Software Inc. $U

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Unity Software Inc. (NYSE:U) by 171.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,301 shares of the company’s stock after buying an additional 2,715 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Unity Software were worth $84,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in U. Cornerstone Planning Group LLC lifted its stake in shares of Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 1,212 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the 4th quarter valued at $36,000. GAMMA Investing LLC increased its holdings in Unity Software by 72.5% in the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $55,000 after buying an additional 1,186 shares during the period. Signaturefd LLC increased its holdings in Unity Software by 26.3% in the 1st quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock valued at $72,000 after buying an additional 762 shares during the period. Finally, AlphaQuest LLC increased its holdings in Unity Software by 46.2% in the 1st quarter. AlphaQuest LLC now owns 4,966 shares of the company’s stock valued at $97,000 after buying an additional 1,570 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE:U opened at $43.83 on Friday. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $44.22. The firm has a 50 day moving average of $34.19 and a 200-day moving average of $26.39. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $18.52 billion, a P/E ratio of -41.35 and a beta of 2.33.

Unity Software (NYSE:U) last posted its earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The firm had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same quarter last year, the firm posted ($0.32) EPS. The business’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Transactions at Unity Software

In related news, Director Shlomo Dovrat sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total value of $1,500,500.00. Following the completion of the transaction, the director owned 189,089 shares in the company, valued at $5,674,560.89. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jarrod Yahes sold 29,876 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $39.32, for a total transaction of $1,174,724.32. Following the completion of the transaction, the chief financial officer owned 638,504 shares of the company’s stock, valued at $25,105,977.28. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 641,036 shares of company stock worth $22,710,923 over the last ninety days. 3.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on U. Wells Fargo & Company boosted their price target on shares of Unity Software from $24.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Needham & Company LLC lifted their price objective on Unity Software from $30.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price objective on Unity Software from $29.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. JMP Securities lifted their price objective on Unity Software from $30.00 to $35.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. Finally, Wedbush lifted their price objective on Unity Software from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.20.

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.