Unity Software Inc. (NYSE:U) Position Trimmed by Anatole Investment Management Ltd

Anatole Investment Management Ltd trimmed its position in Unity Software Inc. (NYSE:U - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,112 shares of the company's stock after selling 492,055 shares during the period. Unity Software accounts for 11.9% of Anatole Investment Management Ltd's investment portfolio, making the stock its 5th biggest position. Anatole Investment Management Ltd owned about 0.29% of Unity Software worth $25,798,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the 4th quarter valued at $28,000. R Squared Ltd bought a new position in shares of Unity Software during the fourth quarter valued at about $30,000. Principal Securities Inc. raised its stake in shares of 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 acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Unity Software in the fourth quarter worth about $40,000. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on U shares. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Needham & Company LLC lifted their price target on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. UBS Group lowered 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. Jefferies Financial Group cut their price objective on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, April 7th. Finally, Wedbush reiterated an "outperform" rating and set a $31.50 price objective on shares of Unity Software in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.29.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 83,333 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the completion of the sale, the director now owns 3,398,146 shares of the company's stock, valued at $86,448,834.24. This trade represents a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,595 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total value of $29,395.85. Following the transaction, the chief accounting officer now directly owns 481,822 shares in the company, valued at approximately $8,879,979.46. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 782,231 shares of company stock valued at $18,033,528 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

Unity Software Stock Performance

Shares of NYSE:U traded down $0.07 during mid-day trading on Tuesday, reaching $21.40. 8,744,545 shares of the company traded hands, compared to its average volume of 10,950,625. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The firm has a market cap of $8.89 billion, a PE ratio of -12.74 and a beta of 2.29. The company's 50 day moving average price is $20.98 and its 200-day moving average price is $22.01.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, equities analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal 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.