LA Financiere DE L Echiquier Increases Position in Unity Software Inc. (NYSE:U)

LA Financiere DE L Echiquier boosted its stake in Unity Software Inc. (NYSE:U - Free Report) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,600 shares of the company's stock after acquiring an additional 80,600 shares during the quarter. LA Financiere DE L Echiquier owned 0.11% of Unity Software worth $16,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in U. PNC Financial Services Group Inc. lifted its stake in Unity Software by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company's stock valued at $431,000 after acquiring an additional 350 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Unity Software in the first quarter worth $967,000. Dimensional Fund Advisors LP boosted its holdings in Unity Software by 91.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company's stock worth $690,000 after purchasing an additional 3,313 shares during the last quarter. Sei Investments Co. grew its position in Unity Software by 38.4% in the first quarter. Sei Investments Co. now owns 205,371 shares of the company's stock valued at $20,396,000 after purchasing an additional 56,958 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Unity Software by 684.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company's stock valued at $496,000 after buying an additional 4,363 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Unity Software from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 9th. HSBC started coverage on shares of Unity Software in a research report on Monday, December 18th. They set a "hold" rating and a $37.00 price target on the stock. Piper Sandler raised shares of Unity Software from an "underweight" rating to a "neutral" rating and decreased their price objective for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Needham & Company LLC dropped their target price on shares of Unity Software from $40.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th. Finally, Citigroup cut their target price on shares of Unity Software from $50.00 to $38.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.03.

Insider Activity

In related news, CMO Carol W. Carpenter sold 2,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares of the company's stock, valued at approximately $11,817,919.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the transaction, the chief marketing officer now owns 444,617 shares in the company, valued at approximately $11,817,919.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Anirma Gupta sold 756 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the transaction, the senior vice president now owns 396,985 shares in the company, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,723 shares of company stock valued at $9,577,516. Insiders own 9.00% of the company's stock.

Unity Software Price Performance

NYSE:U traded up $0.86 during trading hours on Monday, hitting $26.22. The company's stock had a trading volume of 5,325,220 shares, compared to its average volume of 10,653,228. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a fifty day simple moving average of $29.32 and a 200-day simple moving average of $31.01. The company has a market capitalization of $10.12 billion, a P/E ratio of -12.14 and a beta of 2.42.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same quarter last year, the company posted ($0.50) earnings per share. The firm's quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

About Unity Software

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.