Two Sigma Investments LP Invests $23 Million in Unity Software Inc. (NYSE:U)

Two Sigma Investments LP acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,023,530 shares of the company's stock, valued at approximately $22,999,000. Two Sigma Investments LP owned approximately 0.25% of Unity Software at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Anderson Financial Strategies LLC bought a new stake in Unity Software in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. lifted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the 4th quarter valued at $36,000. Finally, Whipplewood Advisors LLC bought a new stake in Unity Software in the 4th quarter valued at $40,000. 73.46% of the stock is owned by institutional investors.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 38,924 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares in the company, valued at $210,743,058.48. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. The trade was a 6.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 653,006 shares of company stock worth $14,754,569. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on U. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barclays cut 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 research report on Thursday, May 8th. Stifel Nicolaus cut their price target on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC dropped their target price on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.21.

Unity Software Stock Performance

U traded up $0.57 on Tuesday, reaching $21.32. The company had a trading volume of 3,353,356 shares, compared to its average volume of 10,954,603. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The stock has a market cap of $8.86 billion, a P/E ratio of -12.77 and a beta of 2.29. The company's fifty day moving average is $20.55 and its 200 day moving average is $22.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same quarter in the prior year, the business earned $0.28 EPS. Unity Software's quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.