State of New Jersey Common Pension Fund D Has $2.48 Million Stock Holdings in Unity Software Inc. (NYSE:U)

State of New Jersey Common Pension Fund D lessened its stake in shares of Unity Software Inc. (NYSE:U) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 110,167 shares of the company’s stock after selling 1,773 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Unity Software were worth $2,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in U. GAMMA Investing LLC grew its stake in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after acquiring an additional 538 shares during the last quarter. Tidal Investments LLC lifted its position in Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after purchasing an additional 723 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after purchasing an additional 876 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on U shares. Morgan Stanley raised their target price on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC raised their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Macquarie raised their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, UBS Group raised their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.81.

Insider Activity at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the sale, the chief accounting officer now directly owns 450,881 shares in the company, valued at $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 210,000 shares of Unity Software stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the sale, the director now owns 967,650 shares of the company’s stock, valued at approximately $25,381,459.50. The trade was a 17.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 679,264 shares of company stock valued at $16,612,383 over the last ninety days. 6.30% of the stock is owned by insiders.

Unity Software Stock Performance

Unity Software stock opened at $27.96 on Friday. The stock has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $20.99. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $33.43. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of -13.70 and a beta of 2.32.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. On average, research analysts anticipate that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Unity Software Company 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.