New York Life Investment Management LLC Acquires New Holdings in Unity Software Inc. (NYSE:U)

New York Life Investment Management LLC acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,816 shares of the company's stock, valued at approximately $715,000.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Principal Securities Inc. raised its position in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company's stock valued at $315,000 after purchasing an additional 538 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after purchasing an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company's stock valued at $89,000 after buying an additional 876 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on U. Wedbush reissued an "outperform" rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Wells Fargo & Company raised their target price on Unity Software from $20.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $25.04.

Unity Software Stock Down 8.1 %

Shares of U stock traded down $2.05 on Thursday, hitting $23.35. The stock had a trading volume of 5,720,242 shares, compared to its average volume of 12,611,416. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of -13.95 and a beta of 2.27. The business has a 50 day moving average of $22.94 and a 200 day moving average of $21.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 236,337 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now directly owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. This represents a 6.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 452,276 shares of the company's stock, valued at $9,909,367.16. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 892,397 shares of company stock worth $21,596,219 in the last quarter. 6.30% of the stock is currently owned by company insiders.

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.