Two Sigma Advisers LP Makes New Investment in Unity Software Inc. (NYSE:U)

Two Sigma Advisers LP bought a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,000 shares of the company's stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also modified their holdings of U. Norges Bank bought a new position in Unity Software in the 4th quarter worth approximately $269,320,000. Slate Path Capital LP acquired a new stake in shares of Unity Software in the fourth quarter worth $62,387,000. Capital International Investors increased its position in Unity Software by 10.4% during the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after acquiring an additional 1,786,032 shares during the period. Ameriprise Financial Inc. raised its stake in Unity Software by 3,843.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock valued at $39,771,000 after purchasing an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Unity Software by 366.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock valued at $43,505,000 after purchasing an additional 1,521,165 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on U shares. Wall Street Zen downgraded Unity Software from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Jefferies Financial Group raised Unity Software from a "hold" rating to a "buy" rating and raised their target price for the stock from $22.00 to $29.00 in a research report on Friday, May 30th. Barclays lowered their price target on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Morgan Stanley dropped their price objective on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, 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 report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Hold" and a consensus price target of $25.14.

Insider Activity at Unity Software

In other news, SVP Anirma Gupta sold 46,957 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 value of $997,366.68. Following the transaction, the senior vice president now owns 644,952 shares of the company's stock, valued at approximately $13,698,780.48. This trade represents a 6.79% 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 Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 2,398,146 shares in the company, valued at approximately $63,287,072.94. This trade represents a 9.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,023,368 shares of company stock valued at $23,526,563 over the last quarter. Corporate insiders own 3.61% of the company's stock.

Unity Software Price Performance

Shares of U traded up $0.26 on Friday, hitting $25.05. The company's stock had a trading volume of 8,880,681 shares, compared to its average volume of 11,398,428. The company has a market capitalization of $10.41 billion, a PE ratio of -14.91 and a beta of 2.29. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The company has a 50 day moving average price of $21.10 and a 200 day moving average price of $22.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.28 earnings per share. On average, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal 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.