Unity Software Inc. (NYSE:U) Position Increased by Shell Asset Management Co.

Shell Asset Management Co. increased its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,627 shares of the company's stock after buying an additional 45,089 shares during the quarter. Shell Asset Management Co.'s holdings in Unity Software were worth $3,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in U. Avanza Fonder AB purchased a new position in Unity Software in the fourth quarter worth $732,000. Ariose Capital Management Ltd purchased a new position in Unity Software in the fourth quarter worth $2,299,000. Encompass More Asset Management purchased a new position in Unity Software in the fourth quarter worth $1,501,000. SteelPeak Wealth LLC purchased a new position in Unity Software in the fourth quarter worth $221,000. Finally, R Squared Ltd purchased a new position in Unity Software in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Jefferies Financial Group lowered their price target on Unity Software from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 7th. Morgan Stanley lowered their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a report on Friday, February 21st. Finally, Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Unity Software has an average rating of "Hold" and a consensus target price of $24.21.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now directly owns 7,828,494 shares in the company, valued at approximately $210,743,058.48. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Barrysmith sold 1,414 shares of Unity Software stock in a transaction on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $30,287.88. Following the transaction, the chief accounting officer now owns 480,408 shares in the company, valued at approximately $10,290,339.36. This trade represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 698,452 shares of company stock valued at $15,903,500 in the last ninety days. Company insiders own 6.30% of the company's stock.

Unity Software Stock Up 4.3%

Shares of U stock traded up $0.90 during trading hours on Thursday, reaching $21.71. The company had a trading volume of 3,752,701 shares, compared to its average volume of 10,722,126. The company has a market capitalization of $9.03 billion, a P/E ratio of -12.94 and a beta of 2.29. The stock's fifty day simple moving average is $20.57 and its 200 day simple moving average is $22.06. 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 Inc. has a twelve month low of $13.90 and a twelve month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $415.77 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Unity Software's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.