Edmond DE Rothschild Holding S.A. Reduces Position in Unity Software Inc. (NYSE:U)

Edmond DE Rothschild Holding S.A. decreased its holdings in Unity Software Inc. (NYSE:U) by 13.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,324,433 shares of the company’s stock after selling 210,882 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Unity Software were worth $29,760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of U. Norges Bank bought a new stake in Unity Software in the 4th quarter worth approximately $269,320,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after acquiring an additional 1,521,165 shares during the period. Charles Schwab Investment Management Inc. increased its position in Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after acquiring an additional 625,872 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in Unity Software in the third quarter worth about $12,317,000. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on U shares. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. UBS Group boosted their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Wedbush reiterated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.61.

Unity Software Trading Down 4.9 %

U stock opened at $20.52 on Monday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of -12.21 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The business has a 50 day simple moving average of $22.58 and a two-hundred day simple moving average of $22.31.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Unity Software news, CAO Mark Barrysmith sold 1,445 shares of Unity Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the transaction, the chief accounting officer now directly owns 483,417 shares of the company’s stock, valued at $9,963,224.37. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 236,337 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now owns 3,161,809 shares in the company, valued at $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 865,236 shares of company stock worth $20,849,425. Corporate insiders own 6.30% of the company’s stock.

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.