Keystone Investors PTE Ltd. Lowers Stock Position in Unity Software Inc. (NYSE:U)

Keystone Investors PTE Ltd. trimmed its holdings in shares of Unity Software Inc. (NYSE:U) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,042 shares of the company’s stock after selling 15,201 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Unity Software were worth $1,866,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted 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 valued at $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after buying an additional 488 shares during the last quarter. Tidal Investments LLC increased its position in Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after buying an additional 723 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after buying an additional 1,125 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on U. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. UBS Group raised their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price objective on Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Ten 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. According to data from MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and an average price target of $25.61.

Unity Software Stock Up 5.4 %

Shares of U opened at $22.71 on Tuesday. The firm has a market cap of $9.30 billion, a P/E ratio of -13.52 and a beta of 2.27. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock’s 50 day moving average is $22.59 and its two-hundred day moving average is $22.17. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Mark Barrysmith sold 1,362 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. The trade was a 0.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,236 shares of company stock worth $20,849,425. Insiders own 6.30% of the company’s stock.

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.