Nuveen Asset Management LLC Has $23.07 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Nuveen Asset Management LLC raised its position in Unity Software Inc. (NYSE:U - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,810 shares of the company's stock after buying an additional 198,515 shares during the period. Nuveen Asset Management LLC owned approximately 0.25% of Unity Software worth $23,072,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Principal Securities Inc. grew its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares in the last quarter. Farther Finance Advisors LLC boosted 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 valued at $324,000 after purchasing an additional 488 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Unity Software by 0.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock valued at $3,182,000 after purchasing an additional 973 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after purchasing an additional 1,068 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of 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 period. Institutional investors own 73.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a report on Friday, February 21st. UBS Group reduced their price objective on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a research report on Friday, February 21st. Stifel Nicolaus dropped their price objective on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Macquarie began coverage on Unity Software in a report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $24.21.

Insider Buying and Selling at Unity Software

In other news, CAO Mark Barrysmith sold 1,445 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares in the company, valued at approximately $9,963,224.37. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 236,337 shares of Unity Software stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the completion of the sale, the director now owns 3,161,809 shares of the company's stock, valued at approximately $75,630,471.28. The trade was a 6.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 614,082 shares of company stock valued at $13,706,735. 6.30% of the stock is currently owned by company insiders.

Unity Software Stock Performance

U stock traded up $3.05 during midday trading on Wednesday, hitting $24.86. The stock had a trading volume of 31,789,057 shares, compared to its average volume of 11,070,193. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of -14.89 and a beta of 2.29. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $22.07. 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 - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.19. The firm had revenue of $435.00 million during 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% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. As a group, equities research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current 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.