Harvest Fund Management Co. Ltd Invests $27,000 in Unity Software Inc. (NYSE:U)

Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 666 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Unity Software by 4.8% in the third quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock valued at $49,701,000 after purchasing an additional 72,770 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Unity Software by 3.2% in the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after purchasing an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Unity Software by 20.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock valued at $150,000 after purchasing an additional 620 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Unity Software in the third quarter valued at $414,000. Finally, LA Financiere DE L Echiquier lifted its holdings in shares of Unity Software by 25.3% in the fourth quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company’s stock valued at $16,340,000 after purchasing an additional 80,600 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Anirma Gupta sold 756 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the sale, the senior vice president now directly owns 396,985 shares of the company’s stock, valued at $13,128,293.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.51, for a total transaction of $65,020.00. Following the sale, the chief marketing officer now directly owns 455,034 shares of the company’s stock, valued at $14,793,155.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the sale, the senior vice president now directly owns 396,985 shares in the company, valued at $13,128,293.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,723 shares of company stock valued at $9,577,516. 9.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on U shares. Needham & Company LLC reduced their target price on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Wedbush cut their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. The Goldman Sachs Group increased their price objective on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. William Blair reiterated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average price target of $37.03.

Unity Software Price Performance

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

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 analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.50) earnings per share. As a group, analysts anticipate that Unity Software Inc. will post -0.63 earnings per share for the current year.

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.