Entropy Technologies LP Has $1.11 Million Position in Unity Software Inc. (NYSE:U)

Entropy Technologies LP lessened its position in shares of Unity Software Inc. (NYSE:U) by 64.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,208 shares of the company’s stock after selling 88,529 shares during the period. Entropy Technologies LP’s holdings in Unity Software were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Ariose Capital Management Ltd acquired a new stake in Unity Software in the fourth quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares in the last quarter. CIBC Asset Management Inc grew its position in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after acquiring an additional 330,088 shares during the last quarter. LMR Partners LLP acquired a new position in Unity Software in the 3rd quarter worth about $611,000. Finally, Edgestream Partners L.P. raised its position in Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after purchasing an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on U. Benchmark upped their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Barclays upped their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Macquarie raised their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $22.81.

Unity Software Trading Down 3.1 %

NYSE:U opened at $20.40 on Tuesday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of -10.00 and a beta of 2.32. The firm has a fifty day simple moving average of $23.30 and a two-hundred day simple moving average of $20.70.

Insider Transactions at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 11,719 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 931,154 shares of company stock valued at $21,019,520 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Unity Software 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.