Aquatic Capital Management LLC Purchases New Shares in Unity Software Inc. (NYSE:U)

Aquatic Capital Management LLC acquired a new position in Unity Software Inc. (NYSE:U - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 378,262 shares of the company's stock, valued at approximately $8,500,000. Aquatic Capital Management LLC owned 0.09% of Unity Software as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of U. Norges Bank acquired a new position in Unity Software during the fourth quarter worth $269,320,000. Slate Path Capital LP acquired a new position in shares of Unity Software during the 4th quarter worth about $62,387,000. Capital International Investors raised its position in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after purchasing an additional 1,786,032 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Unity Software by 366.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock valued at $43,505,000 after buying an additional 1,521,165 shares in the last quarter. Finally, Alliancebernstein L.P. boosted 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 worth $17,972,000 after buying an additional 675,099 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,595 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total value of $29,395.85. Following the completion of the transaction, the chief accounting officer now owns 481,822 shares of the company's stock, valued at $8,879,979.46. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at $73,076,244.21. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 782,231 shares of company stock worth $17,933,528 over the last ninety days. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on U shares. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research report on Friday, February 21st. Wells Fargo & Company decreased their price objective on Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Finally, Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.96.

Unity Software Stock Up 0.6 %

Shares of NYSE:U opened at $22.45 on Friday. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of -13.36 and a beta of 2.31. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The business has a 50-day moving average price of $21.53 and a 200 day moving average price of $22.01. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results 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 net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. Sell-side analysts expect that Unity Software Inc. will post -1.25 EPS 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.

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