Nissay Asset Management Corp Japan ADV Increases Stake in Unity Software Inc. (NYSE:U)

Nissay Asset Management Corp Japan ADV increased its position in Unity Software Inc. (NYSE:U) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 33,804 shares of the company’s stock after purchasing an additional 3,340 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Unity Software were worth $772,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software in the fourth quarter worth about $28,000. R Squared Ltd bought a new position in shares of Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Unity Software in the fourth quarter valued at approximately $40,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock valued at $40,000 after acquiring an additional 1,068 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Trading Up 7.3%

Shares of Unity Software stock opened at $22.77 on Monday. The firm has a market cap of $9.46 billion, a PE ratio of -13.55 and a beta of 2.29. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a 50 day simple moving average of $20.52 and a two-hundred day simple moving average of $22.06. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.19. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,414 shares of Unity Software stock in a transaction on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $30,287.88. Following the transaction, the chief accounting officer now directly owns 480,408 shares of the company’s stock, valued at $10,290,339.36. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tomer Bar-Zeev sold 83,333 shares of Unity Software stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $25.44, for a total transaction of $2,119,991.52. Following the completion of the transaction, the director now directly owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. The trade was a 2.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 783,645 shares of company stock valued at $18,063,816. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on U. Barclays cut their price objective on shares of Unity Software from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Morgan Stanley cut their price objective on shares of Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company cut their price objective on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.21.

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.