Principal Securities Inc. Purchases 477 Shares of Unity Software Inc. (NYSE:U)

Principal Securities Inc. increased its holdings in Unity Software Inc. (NYSE:U) by 50.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,422 shares of the company’s stock after purchasing an additional 477 shares during the quarter. Principal Securities Inc.’s holdings in Unity Software were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Unity Software by 1,787.9% in the third quarter. International Assets Investment Management LLC now owns 14,839 shares of the company’s stock valued at $336,000 after acquiring an additional 14,053 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Unity Software by 13.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,568 shares of the company’s stock worth $691,000 after purchasing an additional 3,727 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Unity Software by 996.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company’s stock valued at $372,000 after purchasing an additional 14,950 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in shares of Unity Software during the third quarter valued at about $242,000. Finally, US Bancorp DE increased its position in shares of Unity Software by 159.7% during the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock valued at $300,000 after buying an additional 8,152 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Wedbush restated an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Needham & Company LLC boosted their target price on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average target price of $25.04.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 20,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 866,060 shares of company stock valued at $21,451,338. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Down 2.3 %

U opened at $25.58 on Friday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The firm’s 50 day simple moving average is $22.82 and its two-hundred day simple moving average is $21.49. The company has a market capitalization of $10.30 billion, a PE ratio of -15.22 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. As a group, equities analysts forecast 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.