Windmill Hill Asset Management Ltd Trims Stock Holdings in Unity Software Inc. (NYSE:U)

Windmill Hill Asset Management Ltd lowered its stake in shares of Unity Software Inc. (NYSE:U) by 33.3% during the fourth quarter, Holdings Channel reports. The fund owned 40,129 shares of the company’s stock after selling 20,064 shares during the quarter. Unity Software comprises 0.9% of Windmill Hill Asset Management Ltd’s portfolio, making the stock its 14th biggest holding. Windmill Hill Asset Management Ltd’s holdings in Unity Software were worth $902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in Unity Software by 29.1% in the 2nd quarter. Sei Investments Co. now owns 27,789 shares of the company’s stock worth $452,000 after acquiring an additional 6,264 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Unity Software by 47.0% in the second quarter. The Manufacturers Life Insurance Company now owns 82,105 shares of the company’s stock valued at $1,335,000 after purchasing an additional 26,241 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Unity Software by 20.3% during the third quarter. Handelsbanken Fonder AB now owns 60,500 shares of the company’s stock worth $1,369,000 after buying an additional 10,200 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE:U opened at $21.20 on Friday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $35.56. The stock has a market cap of $8.54 billion, a P/E ratio of -10.39 and a beta of 2.32. 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 firm has a 50-day moving average of $23.36 and a two-hundred day moving average of $20.61.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million during the quarter, compared to analyst estimates of $428.01 million. During the same quarter last year, the firm earned ($0.12) EPS. On average, research analysts expect that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 931,154 shares of company stock worth $21,019,520. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on U. UBS Group upped their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price objective on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.81.

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.