US Bancorp DE boosted its holdings in Unity Software Inc. (NYSE:U – Get Rating) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,192 shares of the company’s stock after buying an additional 2,368 shares during the quarter. US Bancorp DE’s holdings in Unity Software were worth $2,201,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ARK Investment Management LLC grew its position in shares of Unity Software by 6.3% in the 1st quarter. ARK Investment Management LLC now owns 8,244,223 shares of the company’s stock valued at $817,909,000 after buying an additional 486,068 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Unity Software by 9.4% during the fourth quarter. BlackRock Inc. now owns 8,175,886 shares of the company’s stock worth $1,169,073,000 after purchasing an additional 701,113 shares during the last quarter. State Street Corp increased its position in shares of Unity Software by 3.4% during the fourth quarter. State Street Corp now owns 2,425,983 shares of the company’s stock worth $346,891,000 after purchasing an additional 80,694 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Unity Software by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,822,406 shares of the company’s stock valued at $260,437,000 after purchasing an additional 92,023 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Unity Software in the 4th quarter valued at about $221,021,000. 77.37% of the stock is currently owned by institutional investors and hedge funds.
Unity Software Trading Down 1.2 %
Shares of Unity Software stock opened at $40.79 on Friday. The company has a 50-day moving average of $43.11 and a two-hundred day moving average of $62.08. Unity Software Inc. has a 12-month low of $29.09 and a 12-month high of $210.00. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.75. The stock has a market cap of $12.16 billion, a PE ratio of -18.05 and a beta of 2.13.
Unity Software (NYSE:U – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.03. The firm had revenue of $297.00 million during the quarter, compared to the consensus estimate of $299.05 million. Unity Software had a negative return on equity of 22.71% and a negative net margin of 54.01%. Unity Software’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted ($0.34) EPS. On average, research analysts anticipate that Unity Software Inc. will post -1.81 EPS for the current fiscal year.
Analyst Ratings Changes
U has been the subject of a number of research reports. Stifel Nicolaus boosted their price objective on Unity Software to $60.00 in a research note on Tuesday, August 9th. Benchmark initiated coverage on shares of Unity Software in a research report on Wednesday, June 15th. They set a “sell” rating and a $27.00 price objective on the stock. Wolfe Research started coverage on shares of Unity Software in a report on Tuesday, August 16th. They issued an “outperform” rating and a $70.00 target price for the company. Jefferies Financial Group dropped their price target on Unity Software from $40.00 to $36.00 in a research report on Thursday, June 16th. Finally, KeyCorp initiated coverage on Unity Software in a research report on Thursday, June 30th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $70.93.
Insider Buying and Selling
In other Unity Software news, CFO Luis Felipe Visoso sold 9,894 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $45.94, for a total value of $454,530.36. Following the sale, the chief financial officer now owns 314,251 shares of the company’s stock, valued at $14,436,690.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Luis Felipe Visoso sold 9,894 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $45.94, for a total value of $454,530.36. Following the completion of the transaction, the chief financial officer now directly owns 314,251 shares of the company’s stock, valued at $14,436,690.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 2,407 shares of the stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $46.29, for a total value of $111,420.03. Following the sale, the director now directly owns 5,322 shares in the company, valued at approximately $246,355.38. The disclosure for this sale can be found here. Insiders have sold 27,977 shares of company stock worth $1,311,615 in the last three months. Corporate insiders own 6.90% of the company’s stock.
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.
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