TD Asset Management Inc Has $14.92 Million Stock Position in Unity Software Inc. $U

TD Asset Management Inc boosted its position in shares of Unity Software Inc. (NYSE:U – Free Report) by 40.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,696 shares of the company’s stock after purchasing an additional 96,800 shares during the period. TD Asset Management Inc owned 0.08% of Unity Software worth $14,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in Unity Software during the fourth quarter valued at $28,000. CIBC Asset Management Inc boosted its position in Unity Software by 24.8% during the fourth quarter. CIBC Asset Management Inc now owns 14,797 shares of the company’s stock valued at $654,000 after purchasing an additional 2,942 shares during the last quarter. AXQ Capital LP acquired a new stake in Unity Software during the fourth quarter valued at $352,000. Norges Bank acquired a new position in Unity Software during the fourth quarter worth $230,285,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Unity Software during the fourth quarter valued at about $116,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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Insider Buying and Selling

In related news, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the sale, the chief executive officer directly owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the sale, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 198,321 shares of company stock valued at $5,390,783 in the last quarter. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the topic of several recent research reports. Wells Fargo & Company raised their target price on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Citizens Jmp restated a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a report on Friday, March 27th. UBS Group raised their target price on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Tuesday, February 10th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.71.

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Unity Software Trading Down 1.3%

Shares of NYSE:U opened at $28.79 on Tuesday. The company has a market cap of $12.57 billion, a P/E ratio of -18.34, a P/E/G ratio of 3.73 and a beta of 2.06. The stock’s 50-day moving average is $25.83 and its 200-day moving average is $31.01. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Unity Software Company Profile

(Free Report)

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.

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