Sphera Management Technology Funds Ltd Makes New Investment in Unity Software Inc. (NYSE:U)

Sphera Management Technology Funds Ltd acquired a new position in Unity Software Inc. (NYSE:U - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 50,214 shares of the company's stock, valued at approximately $1,128,000.

A number of other institutional investors have also added to or reduced their stakes in U. Vanguard Group Inc. grew its position in shares of Unity Software by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock valued at $699,335,000 after acquiring an additional 625,872 shares during the period. Capital International Investors grew its position in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock valued at $424,388,000 after acquiring an additional 1,786,032 shares during the period. Norges Bank bought a new position in shares of Unity Software during the 4th quarter valued at approximately $269,320,000. Geode Capital Management LLC grew its position in shares of Unity Software by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock valued at $107,208,000 after acquiring an additional 84,480 shares during the period. Finally, Slate Path Capital LP bought a new position in shares of Unity Software during the 4th quarter valued at approximately $62,387,000. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

U has been the subject of several analyst reports. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley lowered their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wedbush cut shares of Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Hold" and an average target price of $24.21.

Unity Software Trading Down 5.1%

Shares of Unity Software stock traded down $1.11 during midday trading on Friday, reaching $20.75. 9,571,391 shares of the company's stock traded hands, compared to its average volume of 10,968,898. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $8.63 billion, a PE ratio of -12.35 and a beta of 2.29. The stock has a 50 day moving average of $20.57 and a 200-day moving average of $22.07. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. Unity Software's quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In related news, COO Alexander Blum sold 1,479 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the transaction, the chief operating officer now owns 495,648 shares in the company, valued at $12,520,068.48. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04. Following the transaction, the senior vice president now owns 542,942 shares in the company, valued at $13,698,426.66. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 698,452 shares of company stock worth $15,903,500 over the last 90 days. 6.30% of the stock is owned by company insiders.

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.