Deutsche Bank AG Purchases 1,902 Shares of Unity Software Inc. (NYSE:U)

Deutsche Bank AG grew its stake in Unity Software Inc. (NYSE:U) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,673 shares of the company’s stock after purchasing an additional 1,902 shares during the period. Deutsche Bank AG owned about 0.06% of Unity Software worth $5,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd bought a new position in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Unity Software in the fourth quarter valued at about $40,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock worth $40,000 after buying an additional 1,068 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on U. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday, February 21st. Needham & Company LLC cut their price target on Unity Software from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Citigroup raised 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 note on Tuesday, March 11th. Macquarie assumed coverage on Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Barclays cut their target price on shares of Unity Software from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.21.

Unity Software Price Performance

U stock opened at $22.77 on Monday. 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 stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of -13.55 and a beta of 2.29. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The firm’s 50-day moving average price is $20.52 and its two-hundred day moving average price is $22.06.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the sale, the director now directly owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. The trade was a 6.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the 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 completion of the sale, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 783,645 shares of company stock valued at $18,063,816. 6.30% of the stock is currently owned by corporate insiders.

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.