Unity Software Inc. (NYSE:U) Stake Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Unity Software Inc. (NYSE:U - Free Report) by 58.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 767,695 shares of the company's stock after selling 1,060,046 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Unity Software worth $17,250,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of U. Anderson Financial Strategies LLC acquired a new position in Unity Software during the fourth quarter worth $28,000. R Squared Ltd acquired a new position in Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during 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 position in Unity Software during the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in Unity Software during the fourth quarter worth $40,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group dropped their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barclays dropped their price target 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. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Needham & Company LLC dropped 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, nine have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and an average price target of $25.14.

Unity Software Stock Up 9.8%

Shares of U traded up $2.34 during midday trading on Friday, reaching $26.11. 46,605,302 shares of the company were exchanged, compared to its average volume of 11,218,384. The stock has a 50-day moving average price of $20.71 and a 200-day moving average price of $22.16. The company has a market cap of $10.85 billion, a price-to-earnings ratio of -15.54 and a beta of 2.29. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business 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 firm posted $0.28 earnings per share. The company's revenue was down 5.5% compared to the same quarter last year. Research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Activity at Unity Software

In other news, CEO Matthew S. Bromberg sold 133,072 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the completion of the transaction, the chief executive officer now directly owns 1,222,812 shares of the company's stock, valued at approximately $25,972,526.88. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Barrysmith sold 1,414 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 480,408 shares of the company's stock, valued at $10,290,339.36. This trade represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,009,705 shares of company stock valued at $22,582,244 over the last three months. 6.30% of the stock is owned by insiders.

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.