Asahi Life Asset Management CO. LTD. Purchases Shares of 7,890 Unity Software Inc. (NYSE:U)

Asahi Life Asset Management CO. LTD. purchased a new position in shares of Unity Software Inc. (NYSE:UFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,890 shares of the company’s stock, valued at approximately $323,000.

A number of other hedge funds also recently bought and sold shares of the business. BluePath Capital Management LLC increased its stake in Unity Software by 6.7% during the fourth quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock worth $223,000 after acquiring an additional 342 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of Unity Software by 1.5% in the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after buying an additional 380 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Unity Software by 3.2% in the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after buying an additional 407 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock worth $4,750,000 after purchasing an additional 440 shares in the last quarter. Finally, Bouvel Investment Partners LLC grew its stake in Unity Software by 2.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 22,186 shares of the company’s stock worth $907,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE U traded down $0.76 on Friday, hitting $17.27. 9,142,809 shares of the company’s stock were exchanged, compared to its average volume of 10,454,189. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -7.71 and a beta of 2.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $29.14. Unity Software Inc. has a fifty-two week low of $17.19 and a fifty-two week high of $50.08.

Unity Software (NYSE:UGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The business had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. On average, research analysts expect that Unity Software Inc. will post -1.81 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on U. Barclays lowered their target price on Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Benchmark reaffirmed a “sell” rating and set a $16.00 price target on shares of Unity Software in a report on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price target on shares of Unity Software in a report on Friday, May 10th. Finally, Citigroup decreased their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.38.

Check Out Our Latest Report on Unity Software

Insider Buying and Selling

In related news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the sale, the insider now owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Unity Software news, insider Marc Whitten sold 86,768 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total transaction of $1,787,420.80. Following the transaction, the insider now owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James M. Whitehurst sold 49,854 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $952,211.40. Following the transaction, the chairman now directly owns 313,266 shares in the company, valued at approximately $5,983,380.60. The disclosure for this sale can be found here. Insiders have sold a total of 246,297 shares of company stock worth $4,872,320 in the last quarter. Company insiders own 6.30% of the company’s stock.

About Unity Software

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Unity Software (NYSE:U)

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