Rhumbline Advisers Purchases 2,122 Shares of Unity Software Inc. (NYSE:U)

Rhumbline Advisers boosted its holdings in shares of Unity Software Inc. (NYSE:U) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,852 shares of the company’s stock after buying an additional 2,122 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Unity Software worth $7,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Unity Software during the 4th quarter valued at $30,000. Planning Capital Management Corp acquired a new position in shares of Unity Software during the third quarter valued at about $34,000. GAMMA Investing LLC raised its position in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Unity Software in the third quarter worth $43,000. Finally, Versant Capital Management Inc lifted its position in Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Trading Down 5.9 %

Shares of U stock opened at $25.67 on Wednesday. The company’s 50-day moving average price is $22.60 and its 200-day moving average price is $21.34. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of -15.28 and a beta of 2.32.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

U has been the topic of several research reports. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Macquarie lifted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their price objective on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group boosted their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average price target of $25.96.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total value of $5,508,300.00. Following the sale, the director now owns 967,650 shares of the company’s stock, valued at $25,381,459.50. This trade represents a 17.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 742,766 shares of company stock worth $18,248,777. 6.30% of the stock is currently owned by insiders.

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.