GenTrust LLC Acquires New Position in Unity Software Inc. (NYSE:U)

GenTrust LLC acquired a new stake in shares of Unity Software Inc. (NYSE:U) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 342,341 shares of the company’s stock, valued at approximately $7,692,000. GenTrust LLC owned about 0.08% of Unity Software as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of U. R Squared Ltd bought a new position in Unity Software in the 4th quarter worth about $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new position in Unity Software in the 3rd quarter worth about $34,000. GAMMA Investing LLC grew its position in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Unity Software in the 4th quarter worth about $40,000. Institutional investors own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the sale, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. This represents a 17.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alexander Blum sold 1,479 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the transaction, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 788,212 shares of company stock worth $19,397,708. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on U. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. UBS Group increased their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Needham & Company LLC increased their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $25.96.

Unity Software Stock Up 3.5 %

U stock opened at $26.56 on Thursday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $31.68. The firm has a market cap of $10.70 billion, a PE ratio of -15.81 and a beta of 2.32. The firm has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $21.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.