Nuveen Asset Management LLC acquired a new position in shares of Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 128,415 shares of the company’s stock, valued at approximately $19,708,000.
Several other large investors have also added to or reduced their stakes in U. Captrust Financial Advisors lifted its holdings in Unity Software by 31.3% during the 4th quarter. Captrust Financial Advisors now owns 718 shares of the company’s stock valued at $110,000 after purchasing an additional 171 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in Unity Software by 4.2% during the 4th quarter. Ashford Capital Management Inc. now owns 64,600 shares of the company’s stock valued at $9,914,000 after purchasing an additional 2,600 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in Unity Software during the 4th quarter valued at about $405,000. American International Group Inc. bought a new position in Unity Software during the 4th quarter valued at about $102,000. Finally, Stifel Financial Corp bought a new position in Unity Software during the 4th quarter valued at about $3,214,000. 61.92% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Unity Software in a report on Monday. They set an “outperform” rating and a $170.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Unity Software in a report on Monday, March 22nd. They set a “buy” rating and a $126.00 price target for the company. Bank of America cut shares of Unity Software from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $102.00 to $127.00 in a research report on Thursday, January 21st. Wedbush raised their price objective on shares of Unity Software from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, February 1st. Finally, Piper Sandler raised their price objective on shares of Unity Software from $115.00 to $150.00 in a research report on Monday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $126.30.
Unity Software (NYSE:U) last issued its earnings results on Thursday, February 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.27. The business had revenue of $220.34 million for the quarter, compared to the consensus estimate of $203.87 million. As a group, sell-side analysts forecast that Unity Software Inc. will post -0.87 EPS for the current year.
In related news, CEO John S. Riccitiello sold 217,124 shares of the company’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $109.12, for a total value of $23,692,570.88. Following the completion of the sale, the chief executive officer now owns 5,325,984 shares in the company, valued at approximately $581,171,374.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robynne Sisco sold 139,479 shares of the stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $124.22, for a total value of $17,326,081.38. Following the transaction, the director now owns 127,766 shares of the company’s stock, valued at approximately $15,871,092.52. The disclosure for this sale can be found here. Insiders have sold a total of 647,393 shares of company stock valued at $70,153,754 in the last quarter.
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.
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