Entropy Technologies LP Decreases Stake in Unity Software Inc. (NYSE:U)

Entropy Technologies LP lowered its position in Unity Software Inc. (NYSE:U - Free Report) by 64.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,208 shares of the company's stock after selling 88,529 shares during the period. Entropy Technologies LP's holdings in Unity Software were worth $1,106,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ariose Capital Management Ltd bought a new position in shares of Unity Software during the 4th quarter valued at about $2,299,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after purchasing an additional 944,709 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after purchasing an additional 330,088 shares during the last quarter. LMR Partners LLP bought a new position in shares of Unity Software during the 3rd quarter valued at about $611,000. Finally, Edgestream Partners L.P. boosted its holdings in shares of Unity Software by 637.9% during the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after purchasing an additional 88,955 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

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Unity Software Stock Up 4.0 %

NYSE:U traded up $0.83 during midday trading on Friday, reaching $21.57. 9,436,891 shares of the stock traded hands, compared to its average volume of 8,986,485. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. The business has a 50-day moving average of $22.85 and a two-hundred day moving average of $20.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $8.69 billion, a PE ratio of -10.57 and a beta of 2.32.

Analyst Ratings Changes

U has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on Unity Software in a research note on Monday, October 28th. They set an "equal weight" rating and a $20.00 price objective on the stock. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Benchmark boosted their price objective on Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research note on Friday, November 8th. Oppenheimer reissued a "market perform" rating on shares of Unity Software in a research note on Friday, October 18th. Finally, Morgan Stanley boosted their price objective on Unity Software from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.81.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the transaction, the director now owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. This represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Felix The sold 20,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 681,154 shares of company stock valued at $16,639,520 over the last 90 days. Insiders own 6.30% of the company's stock.

Unity Software 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.