Daiwa Securities Group Inc. Acquires 34,204 Shares of Unity Software Inc. $U

Daiwa Securities Group Inc. increased its holdings in shares of Unity Software Inc. (NYSE:U) by 58.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,588 shares of the company’s stock after buying an additional 34,204 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Unity Software were worth $4,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of Unity Software during the 4th quarter worth $28,000. Larson Financial Group LLC lifted its position in shares of Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Unity Software during the 4th quarter worth $30,000. IFP Advisors Inc bought a new stake in shares of Unity Software during the 3rd quarter worth $33,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Unity Software during the 4th quarter worth $36,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Unity Software stock opened at $28.79 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $12.57 billion, a PE ratio of -18.34, a P/E/G ratio of 3.73 and a beta of 2.06. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The stock has a 50-day moving average price of $25.83 and a two-hundred day moving average price of $31.01.

Analysts Set New Price Targets

Several analysts recently weighed in on U shares. Piper Sandler started coverage on Unity Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price objective for the company. Citigroup dropped their price objective on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Morgan Stanley upped their price objective on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Citizens Jmp restated a “market outperform” rating and set a $37.00 price objective on shares of Unity Software in a research report on Friday, March 27th. Finally, Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Tuesday, February 10th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.71.

Insider Transactions at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the transaction, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This represents a 8.19% 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. In the last ninety days, insiders sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is currently owned by corporate insiders.

Unity Software Company Profile

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.