Migdal Insurance & Financial Holdings Ltd. Raises Stock Holdings in Unity Software Inc. (NYSE:U)

Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Unity Software Inc. (NYSE:U) by 209.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,965 shares of the company’s stock after acquiring an additional 19,600 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Unity Software were worth $1,197,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Unity Software by 8.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock valued at $431,000 after acquiring an additional 350 shares during the period. MetLife Investment Management LLC acquired a new position in Unity Software during the first quarter valued at $967,000. Dimensional Fund Advisors LP boosted its holdings in Unity Software by 91.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company’s stock valued at $690,000 after purchasing an additional 3,313 shares during the last quarter. Sei Investments Co. grew its position in Unity Software by 38.4% during the 1st quarter. Sei Investments Co. now owns 205,371 shares of the company’s stock worth $20,396,000 after purchasing an additional 56,958 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Unity Software by 684.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company’s stock worth $496,000 after purchasing an additional 4,363 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the transaction, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares in the company, valued at $11,817,919.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the transaction, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The disclosure for this sale can be found here. Insiders have sold a total of 341,723 shares of company stock worth $9,577,516 in the last ninety days. Insiders own 9.00% of the company’s stock.

Unity Software Trading Down 0.9 %

Shares of U stock opened at $23.73 on Thursday. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. The stock’s fifty day moving average is $28.31 and its two-hundred day moving average is $30.73. The firm has a market capitalization of $9.16 billion, a P/E ratio of -10.99 and a beta of 2.42.

Unity Software (NYSE:U) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The business had revenue of $609.27 million during the quarter, compared to analysts’ expectations of $551.01 million. During the same period in the prior year, the business posted ($0.50) earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. Research analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on U shares. Barclays lowered their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 27th. Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. in a report on Monday, February 12th. Citigroup dropped their price objective on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. William Blair reiterated an “outperform” rating on shares of Unity Software in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus increased their price target on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.03.

About Unity Software

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.