IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Holdings in Unity Software Inc. (NYSE:U)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,167 shares of the company's stock after purchasing an additional 19,599 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Unity Software were worth $970,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Unity Software during the 4th quarter worth about $30,000. Principal Securities Inc. boosted its stake in shares of 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 buying an additional 477 shares during the period. GAMMA Investing LLC grew its position in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after buying an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Unity Software in the 4th quarter valued at $40,000. Finally, Brooklyn Investment Group bought a new stake in shares of Unity Software during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Stock Up 3.6 %

Shares of NYSE:U traded up $0.71 during midday trading on Tuesday, hitting $20.30. 2,454,743 shares of the company's stock were exchanged, compared to its average volume of 10,657,453. The company has a market cap of $8.31 billion, a PE ratio of -12.10 and a beta of 2.27. 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 Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock has a 50 day moving average price of $22.54 and a 200-day moving average price of $22.32.

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Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (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 business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 31,948 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the completion of the transaction, the senior vice president now directly owns 542,942 shares of the company's stock, valued at $13,698,426.66. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Barrysmith sold 1,445 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares in the company, valued at $9,963,224.37. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 865,236 shares of company stock worth $20,849,425. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price target on Unity Software from $28.00 to $24.00 and set a "hold" rating for the company in a report on Monday. Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Morgan Stanley upped their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Macquarie began coverage on shares of Unity Software in a report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.32.

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.