Bank of Hawaii Makes New Investment in Unity Software Inc. $U

Bank of Hawaii acquired a new stake in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,739 shares of the company’s stock, valued at approximately $872,000.

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

Insider Activity

In other news, COO Alexander Blum sold 2,099 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.37, for a total value of $57,449.63. Following the completion of the sale, the chief operating officer directly owned 727,970 shares of the company’s stock, valued at $19,924,538.90. This represents a 0.29% 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, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $360,053.46. Following the transaction, the chief accounting officer directly owned 370,654 shares in the company, valued at $10,074,375.72. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 198,321 shares of company stock worth $5,390,783. Corporate insiders own 0.77% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $12.00 billion, a P/E ratio of -17.50, a price-to-earnings-growth ratio of 3.52 and a beta of 2.06. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The firm’s 50 day simple moving average is $26.85 and its 200-day simple moving average is $30.23.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on U shares. Wells Fargo & Company raised their target price on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Needham & Company LLC boosted their price target on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citizens Jmp reissued a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a research note on Friday, March 27th. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, BTIG Research lifted their price objective on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.71.

About Unity Software

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.