Bank Julius Baer & Co. Ltd Zurich Reduces Stock Position in Unity Software Inc. (NYSE:U)

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in shares of Unity Software Inc. (NYSE:U) by 58.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,316 shares of the company’s stock after selling 31,829 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Unity Software were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of U. Eagle Asset Management Inc. purchased a new stake in shares of Unity Software during the 3rd quarter valued at approximately $82,988,000. Vanguard Group Inc. increased its holdings in Unity Software by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock worth $810,483,000 after acquiring an additional 1,972,435 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Unity Software by 14.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock worth $373,392,000 after acquiring an additional 1,170,058 shares during the period. Qube Research & Technologies Ltd bought a new stake in Unity Software during the 3rd quarter worth approximately $36,257,000. Finally, Artisan Partners Limited Partnership increased its holdings in Unity Software by 69.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company’s stock worth $76,335,000 after acquiring an additional 998,467 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Stock Performance

U stock opened at $24.13 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average is $26.81 and its 200 day moving average is $30.41. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08.

Unity Software (NYSE:U) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) earnings per share. On average, sell-side analysts forecast that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Anirma Gupta sold 756 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the transaction, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at $13,128,293.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $26.58, for a total transaction of $53,160.00. Following the transaction, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,723 shares of company stock valued at $9,577,516. Insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on U. Needham & Company LLC decreased their target price on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Barclays decreased their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Wedbush decreased their price target on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Finally, Stifel Nicolaus increased their price target on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.03.

About Unity Software

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.