Lombard Odier Asset Management USA Corp Makes New $1.08 Million Investment in Unity Software Inc. $U

Lombard Odier Asset Management USA Corp acquired a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,471 shares of the company’s stock, valued at approximately $1,081,000.

A number of other large investors have also modified their holdings of U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth acquired a new position in shares of Unity Software during the 1st quarter worth approximately $260,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Unity Software by 28.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock worth $134,000 after buying an additional 1,241 shares during the period. California Public Employees Retirement System raised its stake in shares of Unity Software by 11.3% during the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock worth $12,603,000 after buying an additional 53,015 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Unity Software by 1,135.6% during the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock worth $5,438,000 after buying an additional 206,529 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Down 1.5%

Shares of U opened at $28.07 on Wednesday. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The company has a market capitalization of $12.25 billion, a PE ratio of -17.88, a price-to-earnings-growth ratio of 3.64 and a beta of 2.06. The stock has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $30.47. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Bank of America upped their price target on shares of Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Wells Fargo & Company upped their price target on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Citigroup reduced their price target on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, BTIG Research upped their price target on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Insiders Place Their Bets

In other news, COO Alexander Blum sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.37, for a total transaction of $57,449.63. Following the completion of the sale, the chief operating officer owned 727,970 shares in the company, valued at $19,924,538.90. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the sale, the chief accounting officer owned 370,654 shares of the company’s stock, valued at $10,074,375.72. This represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is currently owned by company insiders.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.