Brevan Howard Capital Management LP Acquires Shares of 48,753 Unity Software Inc. (NYSE:U)

Brevan Howard Capital Management LP bought a new stake in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,753 shares of the company's stock, valued at approximately $1,095,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of U. Anderson Financial Strategies LLC purchased a new position in shares of Unity Software in the fourth quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Unity Software in the fourth quarter worth about $30,000. Principal Securities Inc. boosted its position 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 acquiring an additional 477 shares during the period. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after acquiring an additional 1,068 shares during the period. 73.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $21.59, for a total value of $3,598,340.53. Following the sale, the director now directly owns 2,814,812 shares of the company's stock, valued at $60,771,791.08. This represents a 5.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares of the company's stock, valued at approximately $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. 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 $18,033,528. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on U shares. Citigroup upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Tuesday, March 11th. Needham & Company LLC decreased their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lowered their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.21.

Unity Software Trading Down 0.4 %

Unity Software stock traded down $0.08 during trading hours on Friday, reaching $20.57. The stock had a trading volume of 7,373,905 shares, compared to its average volume of 10,962,659. The company has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $21.98. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a market cap of $8.55 billion, a PE ratio of -12.24 and a beta of 2.29. 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 (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Unity Software's quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.