Altshuler Shaham Ltd Buys Shares of 7,000 Unity Software Inc. (NYSE:U)

Altshuler Shaham Ltd purchased a new position in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 7,000 shares of the company’s stock, valued at approximately $157,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Unity Software during the 4th quarter worth approximately $269,320,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock valued at $43,505,000 after acquiring an additional 1,521,165 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Unity Software by 541.3% in the fourth quarter. Alliancebernstein L.P. now owns 799,817 shares of the company’s stock valued at $17,972,000 after acquiring an additional 675,099 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after purchasing an additional 625,872 shares during the period. Finally, Geode Capital Management LLC grew its stake in Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Up 0.4 %

Shares of NYSE U opened at $18.90 on Thursday. The business has a 50-day moving average price of $21.56 and a 200 day moving average price of $22.05. The stock has a market cap of $7.74 billion, a PE ratio of -11.25 and a beta of 2.31. 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 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In related news, SVP Anirma Gupta sold 31,948 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the sale, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at $13,698,426.66. This trade represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Helgason sold 38,924 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the transaction, the director now directly owns 7,828,494 shares in the company, valued at $210,743,058.48. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 780,636 shares of company stock worth $17,904,132. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on U shares. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Jefferies Financial Group reduced their target price on shares of Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 7th. Wedbush reiterated an “outperform” rating and set a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Barclays raised their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.46.

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.