Unity Software Inc. (NYSE:U) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Unity Software Inc. (NYSE:U - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,768 shares of the company's stock after purchasing an additional 180,958 shares during the period. Quantinno Capital Management LP owned about 0.09% of Unity Software worth $8,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Anderson Financial Strategies LLC purchased a new stake in Unity Software during the fourth quarter valued at $28,000. R Squared Ltd purchased a new stake in Unity Software during the fourth quarter valued at $30,000. Principal Securities Inc. grew 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 valued at $32,000 after purchasing an additional 477 shares during the period. Whipplewood Advisors LLC bought a new stake in Unity Software during the fourth quarter valued at about $40,000. Finally, Itau Unibanco Holding S.A. raised its stake in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after buying an additional 1,068 shares during the period. Institutional investors own 73.46% of the company's stock.

Wall Street Analysts Forecast Growth

U has been the subject of a number of recent research reports. Wedbush downgraded Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Needham & Company LLC cut their price objective on Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Macquarie initiated coverage on Unity Software in a research note on Monday, March 10th. They set a "neutral" rating and a $24.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Unity Software has an average rating of "Hold" and an average price target of $24.21.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 236,337 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now directly owns 3,161,809 shares in the company, valued at $75,630,471.28. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Anirma Gupta sold 31,948 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the sale, the senior vice president now directly owns 542,942 shares in the company, valued at $13,698,426.66. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 783,645 shares of company stock worth $18,063,816. Insiders own 6.30% of the company's stock.

Unity Software Trading Down 2.5%

U traded down $0.56 during trading on Monday, hitting $22.25. 14,173,496 shares of the stock were exchanged, compared to its average volume of 10,966,708. The firm has a 50 day simple moving average of $20.52 and a 200 day simple moving average of $22.06. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of -13.24 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 debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. During the same quarter last year, the firm earned $0.28 EPS. The business's quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect that Unity Software Inc. will post -1.25 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.