Nisa Investment Advisors LLC Has $1.09 Million Stock Position in Unity Software Inc. $U

Nisa Investment Advisors LLC raised its position in Unity Software Inc. (NYSE:U) by 223.9% in the third quarter, HoldingsChannel reports. The fund owned 27,206 shares of the company’s stock after purchasing an additional 18,806 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Unity Software were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of U. Jefferies Financial Group Inc. acquired a new position in Unity Software during the second quarter worth $205,000. Forum Financial Management LP bought a new stake in shares of Unity Software during the second quarter worth about $256,000. Austin Wealth Management LLC acquired a new stake in shares of Unity Software in the 2nd quarter worth about $208,000. PNC Financial Services Group Inc. raised its holdings in shares of Unity Software by 148.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock worth $537,000 after acquiring an additional 13,245 shares during the last quarter. Finally, State of Wyoming bought a new position in Unity Software in the 2nd quarter valued at about $721,000. Institutional investors own 73.46% of the company’s stock.

Insider Activity

In related news, CEO Matthew S. Bromberg sold 41,025 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,697,614.50. Following the transaction, the chief executive officer owned 1,192,541 shares in the company, valued at approximately $49,347,346.58. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Helgason sold 393,312 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $49.64, for a total value of $19,524,007.68. Following the transaction, the director directly owned 5,439,173 shares of the company’s stock, valued at approximately $270,000,547.72. This trade represents a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,647,935 shares of company stock worth $75,174,498. 3.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on U shares. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. Hsbc Global Res downgraded shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Needham & Company LLC upped their target price on shares of Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of Unity Software from $51.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Barclays boosted their price target on shares of Unity Software from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.27.

Unity Software Trading Down 8.0%

Shares of Unity Software stock opened at $42.02 on Thursday. The firm has a market cap of $17.98 billion, a PE ratio of -40.02, a P/E/G ratio of 47.87 and a beta of 2.04. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $52.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a fifty day moving average price of $43.63 and a 200-day moving average price of $39.23.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The company had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. During the same quarter in the prior year, the business earned ($0.31) earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

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.