Daiwa Securities Group Inc. Has $1.07 Million Stock Position in Unity Software Inc. (NYSE:U)

Daiwa Securities Group Inc. reduced its position in shares of Unity Software Inc. (NYSE:U) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,140 shares of the company’s stock after selling 8,640 shares during the period. Daiwa Securities Group Inc.’s holdings in Unity Software were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of Unity Software by 4.8% during the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after buying an additional 72,770 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after buying an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of Unity Software by 20.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after buying an additional 620 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Unity Software in the third quarter worth $414,000. Finally, LA Financiere DE L Echiquier grew its stake in shares of Unity Software by 25.3% in the fourth quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock worth $16,340,000 after purchasing an additional 80,600 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Anirma Gupta sold 756 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the transaction, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Anirma Gupta sold 756 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the transaction, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction 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 $119,605,702.14. The disclosure for this sale can be found here. Insiders sold 341,723 shares of company stock valued at $9,577,516 in the last three months. Company insiders own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on U shares. Macquarie cut shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Monday, February 12th. Wedbush reduced their price objective on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. William Blair reissued an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Unity Software currently has an average rating of “Hold” and an average target price of $37.03.

Unity Software Trading Up 2.0 %

U opened at $23.56 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The company’s 50-day moving average is $27.24 and its 200 day moving average is $30.50.

Unity Software (NYSE:U) last posted its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.50) EPS. On average, equities research analysts anticipate that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

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.