108,031 Shares in Unity Software Inc. (NYSE:U) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 108,031 shares of the company’s stock, valued at approximately $4,417,000.

Several other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors L.P. raised its holdings in shares of Unity Software by 21.9% in the 4th quarter. Natixis Advisors L.P. now owns 16,122 shares of the company’s stock valued at $659,000 after purchasing an additional 2,896 shares during the period. Swiss National Bank lifted its position in shares of Unity Software by 6.7% in the fourth quarter. Swiss National Bank now owns 779,400 shares of the company’s stock valued at $31,870,000 after buying an additional 48,600 shares during the last quarter. Andar Capital Management HK Ltd bought a new position in shares of Unity Software during the 4th quarter worth approximately $3,353,000. Van ECK Associates Corp increased its holdings in shares of Unity Software by 20.0% during the 4th quarter. Van ECK Associates Corp now owns 1,158,279 shares of the company’s stock worth $47,362,000 after acquiring an additional 193,024 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of Unity Software during the 4th quarter worth approximately $1,139,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on U shares. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research report on Tuesday, February 27th. The Goldman Sachs Group upped their price target on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research report on Monday, February 12th. William Blair restated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, Barclays lowered their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.03.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Unity Software news, CEO James M. Whitehurst sold 44,091 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the transaction, the chief executive officer now owns 155,909 shares of the company’s stock, valued at approximately $5,076,397.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the sale, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The disclosure for this sale can be found here. Insiders have sold 338,917 shares of company stock valued at $9,460,820 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

Shares of NYSE:U opened at $24.74 on Monday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $9.55 billion, a PE ratio of -11.45 and a beta of 2.40. The firm has a 50 day moving average of $26.08 and a 200-day moving average of $30.28. Unity Software Inc. has a 12 month low of $22.20 and a 12 month high of $50.08.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). The firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.50) earnings per share. On average, equities research analysts predict that Unity Software Inc. will post -0.63 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.