Kennedy Capital Management LLC Acquires New Position in Unity Software Inc. (NYSE:U)

Kennedy Capital Management LLC purchased a new position in Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 75,618 shares of the company's stock, valued at approximately $1,699,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in shares of Unity Software by 2.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 132,828 shares of the company's stock valued at $2,985,000 after purchasing an additional 2,870 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Unity Software in the 4th quarter worth $1,151,000. Advisory Services Network LLC purchased a new position in shares of Unity Software in the 4th quarter worth $879,000. Polymer Capital Management HK LTD bought a new stake in shares of Unity Software in the 4th quarter worth about $885,000. Finally, Federated Hermes Inc. raised its position in shares of Unity Software by 557.8% during the 4th quarter. Federated Hermes Inc. now owns 10,617 shares of the company's stock valued at $239,000 after buying an additional 9,003 shares in the last quarter. Institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

U has been the subject of several recent research reports. Citizens Jmp upgraded Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Barclays lifted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group lowered their target price on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Unity Software currently has an average rating of "Moderate Buy" and a consensus target price of $23.96.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the sale, the chief accounting officer now directly owns 450,881 shares of the company's stock, valued at approximately $9,775,100.08. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the transaction, the director now directly owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 782,231 shares of company stock worth $17,933,528. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Trading Up 1.6 %

U traded up $0.31 during trading on Friday, hitting $19.20. 4,525,588 shares of the stock were exchanged, compared to its average volume of 10,922,987. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a 50 day simple moving average of $21.53 and a 200 day simple moving average of $22.02. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. As a group, equities analysts expect that Unity Software Inc. will post -1.25 EPS for the current 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.