Unity Software Inc. (NYSE:U) Holdings Reduced by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 589,459 shares of the company's stock after selling 171,814 shares during the period. Gotham Asset Management LLC owned 0.15% of Unity Software worth $13,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in U. Graham Capital Management L.P. bought a new stake in shares of Unity Software during the 4th quarter worth about $1,505,000. Deutsche Bank AG raised its holdings in Unity Software by 0.8% during the fourth quarter. Deutsche Bank AG now owns 231,673 shares of the company's stock worth $5,206,000 after purchasing an additional 1,902 shares in the last quarter. Concentric Capital Strategies LP bought a new position in Unity Software during the 4th quarter valued at $2,971,000. Cetera Investment Advisers increased its position in shares of Unity Software by 16.4% during the 4th quarter. Cetera Investment Advisers now owns 58,084 shares of the company's stock valued at $1,305,000 after purchasing an additional 8,182 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Unity Software in the 4th quarter worth $306,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the completion of the transaction, the chief accounting officer now owns 450,881 shares in the company, valued at approximately $9,775,100.08. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alexander Blum sold 1,479 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 782,231 shares of company stock valued at $18,033,528 in the last quarter. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on U shares. UBS Group cut their price objective on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research report on Friday, February 21st. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Barclays reduced their price objective on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Wedbush lowered Unity Software from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software has an average rating of "Hold" and an average target price of $24.21.

Unity Software Stock Down 0.4 %

Shares of Unity Software stock opened at $20.57 on Friday. The business has a fifty day simple moving average of $20.64 and a 200 day simple moving average of $22.00. The stock has a market cap of $8.55 billion, a PE ratio of -12.24 and a beta of 2.29. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating 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 company had revenue of $435.00 million during the quarter, compared to analysts' expectations of $415.77 million. During the same period in the prior year, the business posted $0.28 EPS. Unity Software's revenue was down 5.5% on a year-over-year basis. Research analysts predict 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.

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