Y Intercept Hong Kong Ltd Invests $4.39 Million in Unity Software Inc. (NYSE:U)

Y Intercept Hong Kong Ltd purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 194,098 shares of the company's stock, valued at approximately $4,390,000.

A number of other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group bought a new position in Unity Software in the 3rd quarter valued at approximately $43,000. Finally, Blue Trust Inc. boosted its position in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock valued at $51,000 after buying an additional 2,359 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on U. Morgan Stanley upgraded shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target for the company in a report on Tuesday, September 3rd. UBS Group upped their target price on Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Stifel Nicolaus upped their price objective on Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Finally, Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $23.35.

Insider Transactions at Unity Software

In other news, Director Shlomo Dovrat sold 3,750 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $17.99, for a total transaction of $67,462.50. Following the transaction, the director now directly owns 2,394,935 shares of the company's stock, valued at $43,084,880.65. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 784,381 shares of company stock valued at $16,688,623. Corporate insiders own 6.30% of the company's stock.

Unity Software Trading Down 1.2 %

NYSE U traded down $0.33 during mid-day trading on Monday, reaching $27.39. 14,270,241 shares of the stock were exchanged, compared to its average volume of 10,704,329. The stock has a market cap of $11.03 billion, a P/E ratio of -13.75 and a beta of 2.33. 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 one year low of $13.90 and a one year high of $43.54. The stock has a 50 day simple moving average of $21.69 and a 200-day simple moving average of $18.80.

Unity Software Company 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.