Blue Trust Inc. Reduces Position in Unity Software Inc. (NYSE:U)

Blue Trust Inc. cut its holdings in shares of Unity Software Inc. (NYSE:U) by 54.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,194 shares of the company’s stock after selling 2,616 shares during the period. Blue Trust Inc.’s holdings in Unity Software were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the period. Planning Capital Management Corp acquired a new position in shares of Unity Software in the third quarter worth about $34,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares during the period. Brooklyn Investment Group acquired a new position in shares of Unity Software in the third quarter worth about $43,000. Finally, Versant Capital Management Inc raised its position in shares of Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Down 0.7 %

Shares of NYSE U opened at $21.05 on Monday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. The stock has a market cap of $8.48 billion, a PE ratio of -10.32 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $23.30 and a 200 day moving average of $20.67.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.08. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The business had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. During the same quarter in the prior year, the company posted ($0.12) EPS. As a group, sell-side analysts predict that Unity Software Inc. will post -1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

U has been the subject of a number of analyst reports. Macquarie upped their price objective 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. Benchmark upped their price target on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Morgan Stanley upped their price target on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.81.

Insider Activity

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This represents a 5.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 931,154 shares of company stock valued at $21,019,520 in the last 90 days. Company insiders own 6.30% of the company’s stock.

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.