Unity Software Inc. (NYSE:U) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in shares of Unity Software Inc. (NYSE:U) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,716 shares of the company’s stock after selling 17,135 shares during the quarter. Blair William & Co. IL’s holdings in Unity Software were worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ariose Capital Management Ltd acquired a new position in Unity Software in the fourth quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. Edgestream Partners L.P. boosted its holdings in Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after buying an additional 88,955 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Unity Software during the third quarter worth $4,390,000. Finally, Jessup Wealth Management Inc acquired a new stake in Unity Software during the fourth quarter valued at $510,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,395 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the transaction, the chief accounting officer now owns 450,881 shares of the company’s stock, valued at $9,775,100.08. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock valued at $20,849,425 in the last three months. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

U has been the subject of a number of analyst reports. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, February 21st. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 21st. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Macquarie started coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.32.

Unity Software Stock Down 4.4 %

Shares of NYSE U opened at $19.64 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $22.54 and a 200 day moving average of $22.32. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The stock has a market cap of $8.05 billion, a PE ratio of -11.69 and a beta of 2.27.

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

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.