Unity Software Inc. (NYSE:U) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Unity Software Inc. (NYSE:U) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,313 shares of the company’s stock after purchasing an additional 6,281 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Unity Software were worth $2,016,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its stake in Unity Software by 453.8% in the third quarter. National Bank of Canada FI now owns 38,984 shares of the company’s stock valued at $1,190,000 after buying an additional 31,945 shares during the last quarter. IFP Advisors Inc lifted its stake in Unity Software by 443.0% in the third quarter. IFP Advisors Inc now owns 4,990 shares of the company’s stock valued at $157,000 after buying an additional 4,071 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Unity Software by 112.1% during the third quarter. Global Retirement Partners LLC now owns 1,752 shares of the company’s stock valued at $52,000 after purchasing an additional 926 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Unity Software by 236.2% during the third quarter. SG Americas Securities LLC now owns 34,512 shares of the company’s stock valued at $1,083,000 after purchasing an additional 24,248 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its stake in shares of Unity Software by 1,151.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after purchasing an additional 1,151 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.51, for a total value of $65,020.00. Following the completion of the sale, the chief marketing officer now owns 455,034 shares of the company’s stock, valued at $14,793,155.34. The disclosure for this sale can be found here. Insiders sold a total of 341,723 shares of company stock worth $9,577,516 in the last three months. 9.00% of the stock is owned by insiders.

Unity Software Stock Up 0.9 %

Shares of NYSE U opened at $23.10 on Wednesday. Unity Software Inc. has a one year low of $22.20 and a one year high of $50.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. The business has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $30.55.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. The Goldman Sachs Group lifted their target price on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a report on Monday, February 12th. 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 report on Tuesday, February 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.03.

Unity Software 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.