Unity Software Inc. (NYSE:U) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its holdings in shares of Unity Software Inc. (NYSE:U) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,531 shares of the company’s stock after selling 1,029 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Unity Software were worth $57,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Unity Software by 3.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,778 shares of the company’s stock valued at $1,253,000 after acquiring an additional 1,987 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Unity Software by 30.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,497 shares of the company’s stock valued at $168,000 after acquiring an additional 1,756 shares during the period. CloudAlpha Capital Management Limited Hong Kong boosted its holdings in Unity Software by 120.3% during the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 489,010 shares of the company’s stock valued at $10,988,000 after acquiring an additional 267,000 shares during the period. Lindbrook Capital LLC boosted its holdings in Unity Software by 1,320.9% during the 4th quarter. Lindbrook Capital LLC now owns 27,523 shares of the company’s stock valued at $618,000 after acquiring an additional 25,586 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Unity Software during the 4th quarter valued at about $1,151,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Trading Up 3.4 %

U opened at $21.48 on Tuesday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of -12.78 and a beta of 2.27. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The business’s 50 day moving average is $22.66 and its two-hundred day moving average is $21.99. 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 (NYSE:U) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Activity

In other news, Director David Helgason sold 38,924 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the transaction, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 863,309 shares of company stock valued at $20,809,710. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on U shares. Wedbush restated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Citizens Jmp upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $25.61.

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.