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

Quantinno Capital Management LP increased its position in Unity Software Inc. (NYSE:U - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 379,768 shares of the company's stock after acquiring an additional 180,958 shares during the quarter. 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 hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avanza Fonder AB purchased a new stake in shares of Unity Software in the 4th quarter valued at $732,000. Ariose Capital Management Ltd bought a new stake in Unity Software during the 4th quarter valued at $2,299,000. Encompass More Asset Management purchased a new stake in Unity Software during the 4th quarter valued at $1,501,000. SteelPeak Wealth LLC bought a new stake in Unity Software in the 4th quarter worth $221,000. Finally, R Squared Ltd purchased a new position in shares of Unity Software in the fourth quarter valued at about $30,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

Shares of U stock traded down $0.19 during mid-day trading on Wednesday, reaching $22.05. 2,497,773 shares of the company's stock traded hands, compared to its average volume of 10,935,180. 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 market capitalization of $9.16 billion, a PE ratio of -13.13 and a beta of 2.29. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The firm has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $22.07.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Activity

In other Unity Software news, COO Alexander Blum sold 1,479 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the sale, the chief operating officer now owns 495,648 shares in the company, valued at $12,520,068.48. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 236,337 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares of the company's stock, valued at approximately $75,630,471.28. This trade represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 781,785 shares of company stock worth $18,023,491 over the last quarter. Insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

U has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Barclays decreased their target price on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reduced their price objective on Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus dropped their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price target on Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.21.

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.