Los Angeles Capital Management LLC Makes New $4.42 Million Investment in Unity Software Inc. (NYSE:U)

Los Angeles Capital Management LLC bought a new stake in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 108,031 shares of the company's stock, valued at approximately $4,417,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. grew its stake in Unity Software by 21.9% in the fourth quarter. Natixis Advisors L.P. now owns 16,122 shares of the company's stock valued at $659,000 after acquiring an additional 2,896 shares during the period. Swiss National Bank increased its stake in Unity Software by 6.7% during the 4th quarter. Swiss National Bank now owns 779,400 shares of the company's stock valued at $31,870,000 after purchasing an additional 48,600 shares in the last quarter. Andar Capital Management HK Ltd bought a new position in shares of Unity Software in the fourth quarter valued at $3,353,000. Van ECK Associates Corp grew its holdings in shares of Unity Software by 20.0% during the fourth quarter. Van ECK Associates Corp now owns 1,158,279 shares of the company's stock valued at $47,362,000 after buying an additional 193,024 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Unity Software during the fourth quarter worth about $1,139,000. 73.46% of the stock is owned by institutional investors.

Insider Activity

In other Unity Software news, SVP Felix The sold 4,374 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.55, for a total value of $142,373.70. Following the sale, the senior vice president now directly owns 298,948 shares in the company, valued at approximately $9,730,757.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the sale, the chief marketing officer now directly owns 442,617 shares in the company, valued at $10,702,479.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Felix The sold 4,374 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 298,948 shares in the company, valued at approximately $9,730,757.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,917 shares of company stock worth $9,460,820. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

U has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of Unity Software from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Macquarie cut Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the stock. in a research report on Monday, February 12th. Piper Sandler raised Unity Software from an "underweight" rating to a "neutral" rating and lowered their price target for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Wedbush restated an "outperform" rating and set a $33.50 price objective on shares of Unity Software in a research note on Thursday. Finally, Barclays lowered their target price on shares of Unity Software from $30.00 to $28.00 and set an "equal weight" rating for the company in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Unity Software has a consensus rating of "Hold" and an average price target of $37.03.

Unity Software Stock Performance

Shares of U traded up $0.75 during mid-day trading on Monday, hitting $25.49. The stock had a trading volume of 4,912,463 shares, compared to its average volume of 9,567,664. Unity Software Inc. has a 52 week low of $22.20 and a 52 week 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 business has a fifty day moving average price of $26.08 and a 200-day moving average price of $30.28. The firm has a market cap of $9.84 billion, a P/E ratio of -11.80 and a beta of 2.40.

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