Venturi Wealth Management LLC Grows Stock Position in Unity Software Inc. (NYSE:U)

Venturi Wealth Management LLC increased its holdings in shares of Unity Software Inc. (NYSE:U) by 31.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,158 shares of the company’s stock after purchasing an additional 1,235 shares during the quarter. Venturi Wealth Management LLC’s holdings in Unity Software were worth $116,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 worth $42,662,000 after purchasing an additional 944,709 shares during the period. Primecap Management Co. CA raised its holdings in shares of Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after purchasing an additional 53,541 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Unity Software in the 3rd quarter worth about $12,317,000. Finally, Monolith Management Ltd purchased a new position in shares of Unity Software in the 3rd quarter worth about $10,993,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

U has been the topic of a number of research reports. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a report on Friday. Wells Fargo & Company raised their price objective on Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group raised their price objective on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday. Finally, Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $25.96.

Insider Buying and Selling at Unity Software

In other news, SVP Felix The sold 11,719 shares of Unity Software stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the completion of the transaction, the senior vice president now owns 411,960 shares in the company, valued at approximately $10,047,704.40. This trade represents a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 762,597 shares of company stock worth $18,732,374 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

Shares of NYSE U opened at $28.31 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $33.43. The business has a 50 day moving average price of $22.53 and a two-hundred day moving average price of $21.13. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $11.41 billion, a PE ratio of -16.85 and a beta of 2.32.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $433.47 million. Sell-side analysts expect that Unity Software Inc. will post -1.25 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.