Unity Software Inc. (NYSE:U) Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Unity Software Inc. (NYSE:U) by 83.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,167 shares of the company’s stock after buying an additional 19,599 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Unity Software were worth $970,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after buying an additional 625,872 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Unity Software in the 4th quarter valued at about $300,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Unity Software during the 4th quarter worth about $1,263,000. AXQ Capital LP purchased a new stake in Unity Software during the fourth quarter worth approximately $681,000. Finally, Sei Investments Co. lifted its stake in Unity Software by 44.1% during the fourth quarter. Sei Investments Co. now owns 17,922 shares of the company’s stock worth $403,000 after purchasing an additional 5,486 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the sale, the director now directly owns 7,828,494 shares in the company, valued at $210,743,058.48. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is owned by corporate insiders.

Unity Software Trading Down 2.3 %

Shares of U stock opened at $21.57 on Friday. The firm has a market capitalization of $8.84 billion, a PE ratio of -12.84 and a beta of 2.27. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The business’s fifty day moving average price is $22.60 and its 200 day moving average price is $22.22. 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 announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on U. Jefferies Financial Group raised their price objective on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company cut their price target on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. UBS Group upped their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Macquarie initiated coverage on Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. Finally, HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.61.

Unity Software Company 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.