Unity Software Inc. (NYSE:U) Shares Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its position in Unity Software Inc. (NYSE:U) by 8.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,416 shares of the company’s stock after buying an additional 6,152 shares during the period. SBI Securities Co. Ltd.’s holdings in Unity Software were worth $1,615,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC increased its stake in shares of Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software in the fourth quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software during the 4th quarter worth approximately $36,000. Itau Unibanco Holding S.A. lifted its position in shares of Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock valued at $40,000 after buying an additional 1,068 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after acquiring an additional 1,125 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Up 1.3%

Shares of NYSE U opened at $29.30 on Tuesday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of -26.16 and a beta of 2.29. The business’s 50 day moving average is $24.10 and its two-hundred day moving average is $22.58. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the prior year, the business earned $0.28 EPS. Unity Software’s revenue was down 5.5% on a year-over-year basis. Research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $26.39, for a total value of $6,597,500.00. Following the completion of the transaction, the director owned 2,398,146 shares in the company, valued at approximately $63,287,072.94. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shlomo Dovrat sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the sale, the director owned 189,089 shares in the company, valued at $5,674,560.89. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,227,393 shares of company stock valued at $29,909,863 over the last ninety days. Company insiders own 3.61% of the company’s stock.

Analyst Ratings Changes

U has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Morgan Stanley lowered their price objective on Unity Software from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. UBS Group reduced their target price on Unity Software from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Needham & Company LLC lowered their price target on Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Wedbush raised Unity Software to a “strong-buy” rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.80.

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.