Natixis Purchases Shares of 106,467 Unity Software Inc. (NYSE:U)

Natixis acquired a new position in shares of Unity Software Inc. (NYSE:U) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 106,467 shares of the company’s stock, valued at approximately $2,843,000.

Several other institutional investors have also modified their holdings of the stock. Tradewinds Capital Management LLC raised its stake in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Unity Software in the 4th quarter valued at $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after purchasing an additional 996 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Unity Software in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity

In other news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc Whitten sold 86,768 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the transaction, the insider now directly owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,536 shares of company stock valued at $4,846,536. 6.30% of the stock is owned by company insiders.

Unity Software Stock Up 3.2 %

Shares of Unity Software stock traded up $0.52 during mid-day trading on Friday, reaching $16.70. 1,161,497 shares of the stock were exchanged, compared to its average volume of 9,514,735. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70. The firm has a 50-day simple moving average of $17.29 and a 200 day simple moving average of $24.69. Unity Software Inc. has a fifty-two week low of $15.15 and a fifty-two week high of $47.16.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company had revenue of $460.38 million for the quarter, compared to the consensus estimate of $422.53 million. Analysts expect that Unity Software Inc. will post -1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on U. Needham & Company LLC restated a “buy” rating and set a $31.00 target price on shares of Unity Software in a report on Friday, May 10th. Benchmark reissued a “sell” rating and issued a $16.00 target price on shares of Unity Software in a research report on Friday, May 10th. The Goldman Sachs Group dropped their target price on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Wedbush reaffirmed an “outperform” rating and set a $33.50 price objective on shares of Unity Software in a research report on Friday, May 10th. Finally, Macquarie cut their target price on shares of Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.47.

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.