Advisory Services Network LLC Takes $879,000 Position in Unity Software Inc. (NYSE:U)

Advisory Services Network LLC bought a new stake in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,133 shares of the company's stock, valued at approximately $879,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Polymer Capital Management HK LTD bought a new position in shares of Unity Software in the 4th quarter valued at about $885,000. Federated Hermes Inc. increased its position in Unity Software by 557.8% during the fourth quarter. Federated Hermes Inc. now owns 10,617 shares of the company's stock worth $239,000 after buying an additional 9,003 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Unity Software in the fourth quarter valued at approximately $122,000. Geode Capital Management LLC grew its position in Unity Software by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock worth $107,208,000 after buying an additional 84,480 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Unity Software by 541.3% in the 4th 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. Institutional investors own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on U shares. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Wedbush reiterated an "outperform" rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Citigroup upgraded shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Tuesday, March 11th. Finally, Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.96.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 83,333 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the completion of the sale, the director now directly owns 3,398,146 shares of the company's stock, valued at approximately $86,448,834.24. This represents a 2.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark Barrysmith sold 1,595 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total transaction of $29,395.85. Following the completion of the sale, the chief accounting officer now owns 481,822 shares of the company's stock, valued at approximately $8,879,979.46. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 782,231 shares of company stock worth $17,933,528 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Unity Software Stock Up 1.6 %

NYSE:U traded up $0.31 during trading hours on Friday, reaching $19.20. The company had a trading volume of 4,525,588 shares, compared to its average volume of 10,922,987. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. 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 $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31. The business's 50-day simple moving average is $21.53 and its two-hundred day simple moving average is $22.02.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate 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 company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, equities analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.