Bridgewater Associates LP Grows Stock Position in Unity Software Inc. (NYSE:U)

Bridgewater Associates LP boosted its position in shares of Unity Software Inc. (NYSE:U) by 167.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 487,696 shares of the company’s stock after buying an additional 305,286 shares during the quarter. Bridgewater Associates LP owned 0.12% of Unity Software worth $10,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after buying an additional 488 shares during the period. Tidal Investments LLC lifted its stake in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Unity Software by 144.8% during 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 own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, Director David Helgason sold 38,924 shares of the firm’s stock in a transaction on 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 sale, the director now owns 7,828,494 shares in the company, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the sale, the director now directly owns 2,981,479 shares in the company, valued at approximately $59,748,839.16. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 780,636 shares of company stock worth $17,904,132 over the last three months. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

U has been the subject of several research analyst reports. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, March 11th. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Macquarie assumed coverage on shares of Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, February 21st. Finally, Jefferies Financial Group lowered their target price on Unity Software from $24.00 to $16.00 and set a “hold” rating for the company in a report on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and a consensus price target of $24.46.

Unity Software Price Performance

Shares of U opened at $18.90 on Thursday. The company’s fifty day moving average price is $21.56 and its 200-day moving average price is $22.05. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $7.74 billion, a PE ratio of -11.25 and a beta of 2.31.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

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.