Versant Capital Management Inc Increases Stock Position in Unity Software Inc. (NYSE:U)

Versant Capital Management Inc boosted its holdings in Unity Software Inc. (NYSE:U) by 186.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,812 shares of the company’s stock after buying an additional 1,832 shares during the period. Versant Capital Management Inc’s holdings in Unity Software were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares in the last quarter. Planning Capital Management Corp bought a new position in Unity Software in the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Unity Software during the third quarter valued at about $43,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Unity Software in the second quarter worth about $82,000. Institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on U. Benchmark boosted their price objective on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Wedbush upped their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus increased their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Needham & Company LLC boosted their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays upped their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.21.

Insider Activity

In other news, SVP Felix The sold 20,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now directly owns 391,960 shares in the company, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 762,669 shares of company stock valued at $17,480,869. Insiders own 6.30% of the company’s stock.

Unity Software Price Performance

Shares of NYSE:U opened at $24.09 on Monday. The company’s fifty day moving average is $22.74 and its 200 day moving average is $19.66. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $39.29. The stock has a market cap of $9.70 billion, a PE ratio of -11.81 and a beta of 2.32.

Unity Software Company 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.