Daiwa Securities Group Inc. Has $4.09 Million Stock Holdings in Unity Software Inc. $U

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Unity Software by 2.8% in the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after buying an additional 930,293 shares during the period. Principal Financial Group Inc. increased its stake in shares of Unity Software by 46.5% in the third quarter. Principal Financial Group Inc. now owns 211,686 shares of the company’s stock valued at $8,476,000 after buying an additional 67,219 shares during the period. ARK Investment Management LLC increased its stake in shares of Unity Software by 10.8% in the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock valued at $39,118,000 after buying an additional 95,341 shares during the period. Cinctive Capital Management LP acquired a new stake in shares of Unity Software in the third quarter valued at about $4,727,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Unity Software in the third quarter valued at about $11,918,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other Unity Software news, COO Alexander Blum sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 owned 727,970 shares of the company’s stock, valued at approximately $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the sale, the senior vice president directly owned 309,445 shares of the company’s stock, valued at $8,416,904. This trade represents a 0.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 198,321 shares of company stock valued at $5,390,783. Company insiders own 0.77% of the company’s stock.

Unity Software Trading Down 1.3%

Shares of Unity Software stock opened at $28.79 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. Unity Software Inc. has a 52 week low of $16.78 and a 52 week 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. The stock has a market capitalization of $12.57 billion, a PE ratio of -18.34, a price-to-earnings-growth ratio of 3.73 and a beta of 2.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on U shares. Morgan Stanley increased their price target on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Wells Fargo & Company increased their price target on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. UBS Group increased their price target on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a research note on Friday, March 27th. Finally, Citigroup decreased their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.