Lombard Odier Asset Management USA Corp Makes New Investment in Unity Software Inc. $U

Lombard Odier Asset Management USA Corp purchased a new position in Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,471 shares of the company’s stock, valued at approximately $1,081,000.

Several other institutional investors have also added to or reduced their stakes in U. Wellington Management Group LLP boosted its holdings in Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after acquiring an additional 6,734,285 shares in the last quarter. Norges Bank acquired a new stake in shares of Unity Software during the fourth quarter worth $230,285,000. Duquesne Family Office LLC acquired a new stake in shares of Unity Software during the second quarter worth $42,932,000. Fred Alger Management LLC lifted its stake in shares of Unity Software by 17,917.8% during the fourth quarter. Fred Alger Management LLC now owns 1,330,976 shares of the company’s stock worth $58,789,000 after buying an additional 1,323,589 shares during the period. Finally, WT Asset Management Ltd acquired a new stake in shares of Unity Software during the fourth quarter worth $57,626,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, SVP Rebecca Berenice Boyden sold 952 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the transaction, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 owned 370,654 shares of the company’s stock, valued at $10,074,375.72. This represents a 3.45% decrease in their ownership of the stock. 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. Insiders sold a total of 198,321 shares of company stock valued at $5,390,783 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on U. UBS Group lifted their price objective on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wedbush lifted their price objective on shares of Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Bank of America lifted their price objective on shares of Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Citigroup decreased their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Barclays lifted their target price on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

Unity Software Trading Down 1.5%

NYSE U opened at $28.07 on Wednesday. The company has a market capitalization of $12.25 billion, a PE ratio of -17.88, a P/E/G ratio of 3.64 and a beta of 2.06. The company has a fifty day moving average of $26.55 and a 200 day moving average of $30.47. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95.

Unity Software Profile

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.