102,300 Shares in Unity Software Inc. (NYSE:U) Purchased by Ariose Capital Management Ltd

Ariose Capital Management Ltd bought a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 102,300 shares of the company’s stock, valued at approximately $2,299,000. Unity Software accounts for about 1.9% of Ariose Capital Management Ltd’s holdings, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in U. GAMMA Investing LLC grew its position in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Farther Finance Advisors LLC increased its position in Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after purchasing an additional 538 shares in the last quarter. Tidal Investments LLC increased its position in Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after purchasing an additional 723 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after purchasing an additional 876 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in Unity Software by 8.2% in the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after buying an additional 1,010 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on U. UBS Group increased their price target on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Barclays boosted their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price on the stock. Benchmark raised their price target 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. Finally, Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.58.

Insider Activity

In related news, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 764,487 shares of company stock worth $17,521,180 in the last quarter. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

Shares of U stock opened at $21.73 on Monday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $35.56. The stock has a 50 day simple moving average of $23.04 and a two-hundred day simple moving average of $20.07. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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.