Toronto Dominion Bank Takes Position in Unity Software Inc. (NYSE:U)

Toronto Dominion Bank purchased a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180,421 shares of the company's stock, valued at approximately $4,054,000.

A number of other large investors have also modified their holdings of the business. Anderson Financial Strategies LLC purchased a new position in shares of Unity Software in the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% during the 4th 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software in the 4th quarter valued at about $36,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after buying an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 1,414 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $30,287.88. Following the completion of the sale, the chief accounting officer now owns 480,408 shares of the company's stock, valued at $10,290,339.36. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $21.59, for a total value of $3,598,340.53. Following the completion of the sale, the director now directly owns 2,814,812 shares of the company's stock, valued at $60,771,791.08. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 614,082 shares of company stock worth $13,706,735. 6.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

U has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Barclays cut their price objective on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC lowered their price target on Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $24.21.

Unity Software Trading Up 8.1%

Shares of U traded up $1.77 on Wednesday, hitting $23.58. 9,769,197 shares of the stock traded hands, compared to its average volume of 10,980,809. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The stock's 50 day moving average is $20.57 and its two-hundred day moving average is $22.07. The firm has a market capitalization of $9.80 billion, a P/E ratio of -14.07 and a beta of 2.29. 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 posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.19. The business had revenue of $435.00 million for 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%. The business's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share 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.