Cerity Partners LLC Has $2.50 Million Holdings in Unity Software Inc. (NYSE:U)

Cerity Partners LLC grew its stake in Unity Software Inc. (NYSE:U - Free Report) by 111.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,711 shares of the company's stock after purchasing an additional 67,357 shares during the quarter. Cerity Partners LLC's holdings in Unity Software were worth $2,502,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in U. Amalgamated Bank raised its position in Unity Software by 3.0% during the first quarter. Amalgamated Bank now owns 18,132 shares of the company's stock valued at $355,000 after acquiring an additional 525 shares in the last quarter. Bouvel Investment Partners LLC increased its position in shares of Unity Software by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock valued at $697,000 after purchasing an additional 580 shares during the period. Coldstream Capital Management Inc. raised its position in Unity Software by 0.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock worth $3,182,000 after purchasing an additional 973 shares in the last quarter. Jessup Wealth Management Inc raised its stake in Unity Software by 4.3% during the first quarter. Jessup Wealth Management Inc now owns 23,667 shares of the company's stock worth $464,000 after acquiring an additional 985 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Unity Software by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company's stock worth $5,881,000 after buying an additional 1,031 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on U. Wells Fargo & Company lifted their target price on Unity Software from $19.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Barclays reduced their target price on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. UBS Group raised their price target on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Wedbush upped their price objective on shares of Unity Software from $31.50 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and an average target price of $26.43.

Unity Software Trading Down 4.5%

Shares of U stock traded down $1.63 during mid-day trading on Tuesday, hitting $34.30. 10,437,794 shares of the company's stock were exchanged, compared to its average volume of 11,964,519. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of -30.61 and a beta of 2.29. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $38.96. The stock has a 50-day simple moving average of $25.17 and a two-hundred day simple moving average of $22.89.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity

In other news, Director Shlomo Dovrat sold 50,000 shares of Unity Software stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the completion of the sale, the director directly owned 189,089 shares in the company, valued at $5,674,560.89. The trade was a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James M. Whitehurst sold 72,955 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $1,549,564.20. Following the transaction, the director directly owned 240,311 shares in the company, valued at approximately $5,104,205.64. The trade was a 23.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,276,809 shares of company stock worth $31,561,623 over the last three months. Insiders own 3.61% of the company's stock.

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.