Encompass More Asset Management Takes $1.50 Million Position in Unity Software Inc. (NYSE:U)

Encompass More Asset Management purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,779 shares of the company's stock, valued at approximately $1,501,000.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock worth $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Unity Software by 11.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,281 shares of the company's stock valued at $263,000 after acquiring an additional 1,638 shares in the last quarter. Intech Investment Management LLC boosted its position in Unity Software by 8.2% during the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company's stock worth $216,000 after acquiring an additional 1,010 shares during the period. Sei Investments Co. grew its stake in shares of Unity Software by 29.1% in the second quarter. Sei Investments Co. now owns 27,789 shares of the company's stock worth $452,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Unity Software during the second quarter valued at $515,000. Institutional investors own 73.46% of the company's stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director David Helgason sold 7,860 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the completion of the transaction, the director now directly owns 10,493 shares in the company, valued at $277,539.85. This represents a 42.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 764,487 shares of company stock valued at $17,521,180 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price on the stock. Benchmark upped their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a report on Friday, November 8th. Macquarie lifted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.81.

Unity Software Stock Performance

NYSE:U traded down $0.88 during mid-day trading on Friday, hitting $22.25. 9,509,844 shares of the company's stock traded hands, compared to its average volume of 10,412,791. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $23.29 and a two-hundred day moving average of $20.23. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of -10.91 and a beta of 2.32. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.08. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The company had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. During the same period last year, the business posted ($0.12) EPS. On average, equities analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

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.