Nuveen LLC Buys New Shares in Unity Software Inc. $U

Nuveen LLC bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,302,717 shares of the company's stock, valued at approximately $25,520,000. Nuveen LLC owned 0.31% of Unity Software at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Amalgamated Bank increased its holdings in Unity Software by 3.0% in the 1st quarter. Amalgamated Bank now owns 18,132 shares of the company's stock valued at $355,000 after buying an additional 525 shares during the period. Bouvel Investment Partners LLC grew its holdings in shares of Unity Software by 1.7% in the 1st quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock worth $697,000 after purchasing an additional 580 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Unity Software by 26.3% in the 1st quarter. Signaturefd LLC now owns 3,658 shares of the company's stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Unity Software by 0.7% in the 4th 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 during the last quarter. Finally, Jessup Wealth Management Inc grew its holdings in shares of Unity Software by 4.3% in the 1st quarter. Jessup Wealth Management Inc now owns 23,667 shares of the company's stock worth $464,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

NYSE:U traded down $1.3210 during mid-day trading on Wednesday, reaching $35.9090. 10,784,511 shares of the company were exchanged, compared to its average volume of 12,450,155. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $39.72. The company has a fifty day moving average of $30.15 and a 200 day moving average of $24.72. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The stock has a market cap of $15.17 billion, a PE ratio of -33.88 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the company earned ($0.32) EPS. The firm's revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $26.39, for a total value of $6,597,500.00. Following the transaction, the director owned 2,398,146 shares of the company's stock, valued at approximately $63,287,072.94. This trade represents a 9.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James M. Whitehurst sold 72,955 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director directly owned 240,311 shares in the company, valued at $5,104,205.64. This trade represents a 23.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,214,694 shares of company stock worth $31,384,519. 3.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on U shares. Bank of America started coverage on shares of Unity Software in a report on Thursday, June 26th. They issued an "underperform" rating and a $15.00 target price on the stock. Wall Street Zen raised shares of Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. BTIG Research lowered shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 target price on the stock. in a report on Wednesday, July 23rd. UBS Group upped their target price on shares of Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group upped their target price on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Unity Software 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.