TD Asset Management Inc Has $14.92 Million Stock Holdings in Unity Software Inc. $U

TD Asset Management Inc increased its position in shares of Unity Software Inc. (NYSE:U) by 40.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 337,696 shares of the company’s stock after purchasing an additional 96,800 shares during the quarter. TD Asset Management Inc’s holdings in Unity Software were worth $14,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in Unity Software during the fourth quarter worth about $28,000. CIBC Asset Management Inc grew its position in Unity Software by 24.8% during the fourth quarter. CIBC Asset Management Inc now owns 14,797 shares of the company’s stock worth $654,000 after buying an additional 2,942 shares in the last quarter. AXQ Capital LP acquired a new stake in Unity Software during the fourth quarter worth about $352,000. Norges Bank acquired a new stake in Unity Software during the fourth quarter worth about $230,285,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Unity Software during the fourth quarter worth about $116,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE:U opened at $28.79 on Tuesday. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The firm has a 50 day moving average of $25.83 and a 200-day moving average of $31.01. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $12.57 billion, a P/E ratio of -18.34, a price-to-earnings-growth ratio of 3.73 and a beta of 2.06.

Insider Buying and Selling

In related news, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. The trade was a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 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. Insiders have sold a total of 198,321 shares of company stock valued at $5,390,783 in the last ninety days. 0.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price objective on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wedbush lifted their price objective on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Bank of America lifted their price objective on Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Tuesday, February 10th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.71.

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.