Versant Capital Management Inc Acquires 1,832 Shares of Unity Software Inc. (NYSE:U)

Versant Capital Management Inc raised its stake in Unity Software Inc. (NYSE:U) by 186.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,812 shares of the company’s stock after acquiring an additional 1,832 shares during the quarter. Versant Capital Management Inc’s holdings in Unity Software were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in U. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 60.2% during the 2nd quarter. CIBC Asset Management Inc now owns 12,384 shares of the company’s stock valued at $201,000 after acquiring an additional 4,656 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Unity Software by 9.2% during the second quarter. Arizona State Retirement System now owns 74,212 shares of the company’s stock worth $1,207,000 after purchasing an additional 6,272 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Unity Software in the second quarter valued at approximately $82,000. Quest Partners LLC raised its holdings in Unity Software by 213,614.3% in the 2nd quarter. Quest Partners LLC now owns 29,920 shares of the company’s stock valued at $486,000 after buying an additional 29,906 shares during the last quarter. Finally, Prudential PLC acquired a new stake in Unity Software during the 2nd quarter worth approximately $343,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. The trade was a 5.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total value of $548,600.00. Following the completion of the transaction, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 762,669 shares of company stock valued at $17,480,869. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on U. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Barclays increased their price objective on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Wedbush lifted their target price on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Needham & Company LLC lifted their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.21.

Unity Software Price Performance

U stock opened at $24.09 on Monday. The stock has a market capitalization of $9.70 billion, a PE ratio of -11.81 and a beta of 2.32. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $39.29. The company’s 50-day moving average is $22.74 and its 200-day moving average is $19.66. 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 Company 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.