Windmill Hill Asset Management Ltd Trims Holdings in Unity Software Inc. (NYSE:U)

Windmill Hill Asset Management Ltd reduced its stake in Unity Software Inc. (NYSE:U) by 33.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,129 shares of the company’s stock after selling 20,064 shares during the quarter. Unity Software makes up approximately 0.9% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 14th largest position. Windmill Hill Asset Management Ltd’s holdings in Unity Software were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of U. Choreo LLC lifted its holdings in Unity Software by 14.0% in the fourth quarter. Choreo LLC now owns 10,940 shares of the company’s stock valued at $246,000 after acquiring an additional 1,344 shares during the last quarter. R Squared Ltd acquired a new stake in Unity Software during the 4th quarter worth approximately $30,000. SteelPeak Wealth LLC purchased a new position in Unity Software in the fourth quarter valued at $221,000. Encompass More Asset Management acquired a new position in shares of Unity Software during the fourth quarter worth about $1,501,000. Finally, Ariose Capital Management Ltd purchased a new stake in Unity Software in the fourth quarter valued at $2,299,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE U opened at $21.20 on Friday. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -10.39 and a beta of 2.32. The business’s 50 day moving average is $23.36 and its two-hundred day moving average is $20.61. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. 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, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. The firm had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Research analysts expect that Unity Software Inc. will post -1.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays boosted their price objective on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday. Finally, Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus price target of $22.81.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 20,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 391,960 shares in the company, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 931,154 shares of company stock valued at $21,019,520 in the last ninety days. 6.30% of the stock is currently owned by company insiders.

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.