Unity Software Inc. (NYSE:U) Holdings Cut by Choate Investment Advisors

Choate Investment Advisors lowered its holdings in Unity Software Inc. (NYSE:U) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 69,240 shares of the company’s stock after selling 9,960 shares during the period. Choate Investment Advisors’ holdings in Unity Software were worth $1,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Unity Software by 3.5% during the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock valued at $324,000 after buying an additional 488 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after buying an additional 723 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Unity Software by 144.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after buying an additional 1,125 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on U shares. Barclays lifted their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Macquarie started coverage on shares of Unity Software in a research note on Monday, March 10th. They set a “neutral” rating and a $24.00 price objective on the stock. Finally, UBS Group raised their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.61.

Insider Buying and Selling

In other Unity Software news, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the sale, the senior vice president now owns 542,942 shares of the company’s stock, valued at $13,698,426.66. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the sale, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 863,309 shares of company stock valued at $20,809,710. Company insiders own 6.30% of the company’s stock.

Unity Software Trading Up 1.4 %

Unity Software stock opened at $20.78 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of -12.37 and a beta of 2.27. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The firm’s 50 day moving average price is $22.73 and its two-hundred day moving average price is $21.96.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. On average, research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.