Unity Software Inc. (NYSE:U) Shares Sold by Anatole Investment Management Ltd

Anatole Investment Management Ltd reduced its stake in shares of Unity Software Inc. (NYSE:U) by 30.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,148,112 shares of the company’s stock after selling 492,055 shares during the period. Unity Software makes up approximately 11.9% of Anatole Investment Management Ltd’s holdings, making the stock its 5th biggest holding. Anatole Investment Management Ltd owned 0.29% of Unity Software worth $25,798,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Anderson Financial Strategies LLC bought a new position in Unity Software in the fourth quarter valued at $28,000. Alight Capital Management LP acquired a new stake in shares of Unity Software in the fourth quarter valued at about $2,247,000. Itau Unibanco Holding S.A. raised its holdings in Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock worth $40,000 after acquiring an additional 1,068 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Unity Software during the fourth quarter valued at approximately $5,215,000. Finally, Schonfeld Strategic Advisors LLC grew its stake in Unity Software by 1,012.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 392,990 shares of the company’s stock valued at $8,830,000 after purchasing an additional 357,653 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 1,595 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total transaction of $29,395.85. Following the sale, the chief accounting officer now owns 481,822 shares in the company, valued at approximately $8,879,979.46. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the transaction, the director now owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 948,898 shares of company stock worth $21,531,869 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

U has been the topic of a number of recent analyst reports. Barclays boosted their price target on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group decreased their target price on shares of Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $31.50 price target on shares of Unity Software in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.29.

Unity Software Price Performance

Shares of Unity Software stock opened at $21.45 on Friday. The stock has a market capitalization of $8.91 billion, a P/E ratio of -12.77 and a beta of 2.31. Unity Software Inc. has a one year low of $13.90 and a one 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 business’s 50 day simple moving average is $21.08 and its two-hundred day simple moving average is $22.01.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

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.