Unity Software Inc. (NYSE:U) Position Lessened by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its stake in Unity Software Inc. (NYSE:U) by 27.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,542,543 shares of the company’s stock after selling 2,146,842 shares during the period. Unity Software comprises 1.3% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 18th largest position. Nikko Asset Management Americas Inc.’s holdings in Unity Software were worth $124,541,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Unity Software in the 4th quarter worth approximately $30,000. Principal Securities Inc. lifted its holdings in shares of 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. GAMMA Investing LLC lifted its holdings in shares of 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. Whipplewood Advisors LLC bought a new stake in shares of Unity Software in the 4th quarter worth approximately $40,000. Finally, Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter valued at $43,000. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company reduced their price target on Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.61.

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares of the company’s stock, valued at approximately $9,775,100.08. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 863,309 shares of company stock valued at $20,809,710 over the last three months. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Up 1.4 %

U opened at $20.78 on Monday. The stock’s fifty day moving average is $22.73 and its 200-day moving average is $21.96. The company has a market capitalization of $8.51 billion, a PE ratio of -12.37 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

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