RPG Investment Advisory LLC Acquires Shares of 17,970 Unity Software Inc. (NYSE:U)

RPG Investment Advisory LLC bought a new stake in Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,970 shares of the company’s stock, valued at approximately $404,000.

Other large investors have also modified their holdings of the company. Ariose Capital Management Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at $2,299,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after buying an additional 944,709 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after buying an additional 330,088 shares in the last quarter. LMR Partners LLP acquired a new stake in Unity Software during the 3rd quarter worth $611,000. Finally, Edgestream Partners L.P. boosted its stake in Unity Software by 637.9% during the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after purchasing an additional 88,955 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Up 1.1 %

Shares of NYSE U opened at $28.31 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $33.43. The firm has a 50-day moving average price of $22.53 and a 200 day moving average price of $21.18. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of -16.85 and a beta of 2.32.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

U has been the subject of a number of recent research reports. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Morgan Stanley increased their price target on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Unity Software from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Barclays increased their price target on shares of Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.96.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of Unity Software stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. The trade was a 17.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 742,766 shares of company stock worth $18,248,777 over the last 90 days. Company insiders own 6.30% of the company’s stock.

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.