Toronto Dominion Bank Invests $4.05 Million in Unity Software Inc. (NYSE:U)

Toronto Dominion Bank bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 180,421 shares of the company's stock, valued at approximately $4,054,000.

Other hedge funds have also recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new position in Unity Software in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. grew its stake 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 worth $32,000 after purchasing an additional 477 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Unity Software during the 4th quarter worth about $36,000. Finally, Itau Unibanco Holding S.A. boosted 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 worth $40,000 after purchasing an additional 1,068 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

U has been the subject of several research analyst reports. UBS Group decreased their price target 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. Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price objective for the company. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Finally, Barclays reduced their price objective on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software currently has an average rating of "Hold" and an average price target of $24.21.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 38,924 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16. Following the completion of the sale, the director now owns 7,750,646 shares of the company's stock, valued at approximately $200,276,692.64. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Mark Barrysmith sold 1,414 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $21.42, for a total transaction of $30,287.88. Following the completion of the transaction, the chief accounting officer now directly owns 480,408 shares in the company, valued at $10,290,339.36. The trade was a 0.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 653,006 shares of company stock worth $14,754,569. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Up 5.0%

Shares of NYSE U traded up $1.04 during midday trading on Tuesday, hitting $21.79. The stock had a trading volume of 7,084,605 shares, compared to its average volume of 10,968,950. The company has a market cap of $9.06 billion, a P/E ratio of -12.96 and a beta of 2.29. The business's 50 day moving average is $20.55 and its 200-day moving average is $22.07. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

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

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.