Vestmark Advisory Solutions Inc. Invests $9.17 Million in Unity Software Inc. (NYSE:U)

Vestmark Advisory Solutions Inc. acquired a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 224,158 shares of the company’s stock, valued at approximately $9,166,000. Vestmark Advisory Solutions Inc. owned 0.06% of Unity Software at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Unity Software by 4.8% in the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock valued at $49,701,000 after purchasing an additional 72,770 shares during the last quarter. Natixis Advisors L.P. lifted its position in Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after acquiring an additional 407 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in Unity Software by 20.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock valued at $150,000 after acquiring an additional 620 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Unity Software in the third quarter valued at approximately $414,000. Finally, LA Financiere DE L Echiquier grew its holdings in Unity Software by 25.3% in the fourth quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock worth $16,340,000 after purchasing an additional 80,600 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on U. Citigroup decreased their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Wedbush reissued an “outperform” rating and set a $33.50 price target on shares of Unity Software in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Barclays dropped their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Needham & Company LLC dropped their price target on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.03.

Unity Software Trading Up 2.4 %

Unity Software stock traded up $0.58 during trading on Friday, reaching $24.74. 5,753,162 shares of the company were exchanged, compared to its average volume of 5,937,102. The stock’s 50 day simple moving average is $26.08 and its two-hundred day simple moving average is $30.25. The company has a market capitalization of $9.55 billion, a P/E ratio of -11.45 and a beta of 2.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. Unity Software Inc. has a 52-week low of $22.20 and a 52-week high of $50.08.

Unity Software (NYSE:U) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. The firm’s revenue was up 35.1% on a year-over-year basis. On average, equities research analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the transaction, the senior vice president now owns 386,706 shares in the company, valued at $9,443,360.52. The disclosure for this sale can be found here. Insiders sold a total of 338,917 shares of company stock valued at $9,460,820 in the last 90 days. Company insiders own 6.30% of the company’s stock.

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.