Raymond James Financial Inc. Acquires Shares of 51,237 Unity Software Inc. (NYSE:U)

Raymond James Financial Inc. purchased a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,237 shares of the company's stock, valued at approximately $1,151,000.

A number of other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. grew 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 purchasing an additional 477 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Unity Software in the 4th quarter worth about $40,000. Finally, Jones Financial Companies Lllp grew its holdings in Unity Software by 144.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on U. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Friday, February 21st. UBS Group reduced their target price on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. 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 for the company. Finally, Needham & Company LLC increased their price objective on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.29.

Insider Buying and Selling at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total value of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the sale, the director now directly owns 2,981,479 shares of the company's stock, valued at approximately $59,748,839.16. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 782,231 shares of company stock worth $18,033,528. Insiders own 6.30% of the company's stock.

Unity Software Stock Down 0.3 %

Shares of U traded down $0.07 during trading hours on Tuesday, hitting $21.40. The company had a trading volume of 8,744,545 shares, compared to its average volume of 10,950,625. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of -12.74 and a beta of 2.29. The firm has a fifty day moving average price of $20.88 and a 200-day moving average price of $22.01. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

About Unity Software

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.