Unity Software Inc. (NYSE:U) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in Unity Software Inc. (NYSE:U - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,489 shares of the company's stock after selling 23,160 shares during the period. California Public Employees Retirement System owned approximately 0.09% of Unity Software worth $8,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in Unity Software by 5.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company's stock worth $1,959,000 after purchasing an additional 4,497 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Unity Software by 7,349.6% in the third quarter. Benjamin Edwards Inc. now owns 26,893 shares of the company's stock worth $608,000 after buying an additional 26,532 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Unity Software by 463.7% during the third quarter. Janus Henderson Group PLC now owns 119,000 shares of the company's stock worth $2,691,000 after acquiring an additional 97,889 shares during the period. Quarry LP raised its position in Unity Software by 232.0% during the third quarter. Quarry LP now owns 4,422 shares of the company's stock valued at $100,000 after acquiring an additional 3,090 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Unity Software by 1,169.2% in the third quarter. Quantinno Capital Management LP now owns 198,810 shares of the company's stock valued at $4,497,000 after acquiring an additional 183,146 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Remove Ads

Unity Software Price Performance

U traded up $0.17 during trading on Friday, reaching $19.25. The company's stock had a trading volume of 5,933,506 shares, compared to its average volume of 10,873,252. The company has a market cap of $7.89 billion, a price-to-earnings ratio of -11.46 and a beta of 2.31. The firm has a fifty day simple moving average of $21.71 and a two-hundred day simple moving average of $22.13. Unity Software Inc. has a 1 year low of $13.90 and a 1 year 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.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Activity

In related news, COO Alexander Blum sold 1,479 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 781,903 shares of company stock valued at $17,934,432. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on U. UBS Group dropped their price objective on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Citigroup upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Tuesday, March 11th. Barclays increased their price target on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Finally, HSBC upgraded 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. According to data from MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and an average 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.