224,158 Shares in Unity Software Inc. (NYSE:U) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 224,158 shares of the company's stock, valued at approximately $9,166,000. Vestmark Advisory Solutions Inc. owned approximately 0.06% of Unity Software at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of U. Commonwealth Equity Services LLC raised its holdings in Unity Software by 4.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 98,440 shares of the company's stock worth $3,090,000 after purchasing an additional 3,966 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Unity Software by 11.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,690 shares of the company's stock worth $2,093,000 after purchasing an additional 7,000 shares during the period. Xponance Inc. boosted its position in shares of Unity Software by 3.0% during the third quarter. Xponance Inc. now owns 22,808 shares of the company's stock worth $716,000 after purchasing an additional 667 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Unity Software by 30.8% in the 3rd quarter. Raymond James & Associates now owns 118,426 shares of the company's stock valued at $3,717,000 after buying an additional 27,870 shares during the period. Finally, BluePath Capital Management LLC bought a new stake in shares of Unity Software in the 3rd quarter valued at $160,000. 73.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 4,374 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now directly owns 298,948 shares of the company's stock, valued at approximately $9,730,757.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Marc Whitten sold 7,232 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.56, for a total transaction of $235,473.92. Following the transaction, the insider now directly owns 989,707 shares of the company's stock, valued at $32,224,859.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 4,374 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.55, for a total transaction of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares of the company's stock, valued at $9,730,757.40. The disclosure for this sale can be found here. Insiders have sold a total of 338,917 shares of company stock worth $9,460,820 over the last ninety days. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on U shares. Wedbush reissued an "outperform" rating and issued a $33.50 target price on shares of Unity Software in a research note on Thursday. The Goldman Sachs Group increased their target price on Unity Software from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Barclays cut their price target on shares of Unity Software from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 27th. Needham & Company LLC lowered their price objective on shares of Unity Software from $40.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, February 27th. Finally, William Blair restated an "outperform" rating on shares of Unity Software in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.03.

Unity Software Stock Up 2.4 %

U stock traded up $0.58 during mid-day trading on Friday, reaching $24.74. The company had a trading volume of 5,753,162 shares, compared to its average volume of 5,937,102. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of -11.45 and a beta of 2.40. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08. The stock has a 50 day simple moving average of $26.08 and a two-hundred day simple moving average of $30.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share 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 firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same quarter in the prior year, the firm earned ($0.50) earnings per share. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities analysts predict that Unity Software Inc. will post -0.63 earnings per share 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.