17,511 Shares in Unity Software Inc. (NYSE:U) Bought by Tradition Wealth Management LLC

Tradition Wealth Management LLC acquired a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,511 shares of the company's stock, valued at approximately $393,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Unity Software during the 4th quarter valued at $269,320,000. Capital International Investors increased its stake in Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after buying an additional 1,786,032 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Unity Software by 366.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock valued at $43,505,000 after acquiring an additional 1,521,165 shares during the period. Alliancebernstein L.P. lifted its position in shares of Unity Software by 541.3% in the fourth quarter. Alliancebernstein L.P. now owns 799,817 shares of the company's stock valued at $17,972,000 after acquiring an additional 675,099 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Unity Software by 35.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,370 shares of the company's stock worth $55,578,000 after acquiring an additional 642,627 shares during the period. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on U. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a research report on Friday, February 21st. UBS Group decreased their price target 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, April 11th. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Tuesday, March 11th. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price target on Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.96.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 38,924 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the transaction, the director now directly owns 7,828,494 shares of the company's stock, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 83,333 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the sale, the director now directly owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 782,231 shares of company stock valued at $17,933,528. Company insiders own 6.30% of the company's stock.

Unity Software Trading Up 3.9 %

Unity Software stock traded up $0.79 during mid-day trading on Wednesday, hitting $20.96. The company's stock had a trading volume of 7,991,381 shares, compared to its average volume of 10,911,863. 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 cap of $8.59 billion, a PE ratio of -12.48 and a beta of 2.31. The company has a 50 day moving average of $21.51 and a 200-day moving average of $21.99. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. On average, research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

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.