Unity Software Inc. (NYSE:U) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Unity Software Inc. (NYSE:U - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,706 shares of the company's stock after selling 59,017 shares during the quarter. Legal & General Group Plc owned 0.07% of Unity Software worth $6,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ariose Capital Management Ltd bought a new stake in shares of Unity Software in the 4th quarter valued at about $2,299,000. Charles Schwab Investment Management Inc. lifted its holdings in Unity Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company's stock worth $44,005,000 after buying an additional 72,384 shares during the period. Jessup Wealth Management Inc bought a new stake in Unity Software during the 4th quarter valued at $510,000. Vanguard Group Inc. increased its holdings in shares of Unity Software by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock valued at $699,335,000 after acquiring an additional 625,872 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Unity Software by 10.0% in the 4th quarter. CIBC Asset Management Inc now owns 376,794 shares of the company's stock worth $8,467,000 after acquiring an additional 34,322 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on U. Wells Fargo & Company lowered their price objective on Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Tuesday, March 11th. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Macquarie began coverage on Unity Software in a research note on Monday, March 10th. They set a "neutral" rating and a $24.00 price target on the stock. Finally, Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.96.

Unity Software Price Performance

NYSE:U traded up $0.08 during mid-day trading on Monday, hitting $19.31. 6,102,716 shares of the company's stock traded hands, compared to its average volume of 10,903,830. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a market cap of $7.91 billion, a PE ratio of -11.49 and a beta of 2.31. 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 firm's 50 day simple moving average is $21.53 and its 200 day simple moving average is $22.01.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling

In related news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,595 shares of Unity Software stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $18.43, for a total value of $29,395.85. Following the completion of the transaction, the chief accounting officer now owns 481,822 shares of the company's stock, valued at approximately $8,879,979.46. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 782,231 shares of company stock valued at $17,933,528. 6.30% of the stock is currently owned by company insiders.

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.