Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Unity Software Inc. (NYSE:U – Get Rating) by 278.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,393 shares of the company's stock after purchasing an additional 8,379 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Unity Software were worth $419,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Clearbridge Investments LLC boosted its position in Unity Software by 2,365.2% during the first quarter. Clearbridge Investments LLC now owns 4,420,370 shares of the company's stock valued at $438,545,000 after acquiring an additional 4,241,060 shares during the last quarter. Vanguard Group Inc. boosted its position in Unity Software by 17.2% during the first quarter. Vanguard Group Inc. now owns 17,279,116 shares of the company's stock valued at $1,714,261,000 after acquiring an additional 2,531,507 shares during the last quarter. Norges Bank bought a new stake in Unity Software during the fourth quarter valued at $221,021,000. SC US Ttgp LTD. boosted its position in Unity Software by 5.5% during the first quarter. SC US Ttgp LTD. now owns 24,652,204 shares of the company's stock valued at $2,445,745,000 after acquiring an additional 1,290,472 shares during the last quarter. Finally, Capital World Investors bought a new stake in Unity Software during the fourth quarter valued at $169,872,000. Institutional investors own 77.37% of the company's stock.
Get Unity Software alerts:Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Barclays upped their price objective on shares of Unity Software from $35.00 to $49.00 and gave the company an "equal weight" rating in a report on Wednesday, August 10th. Credit Suisse Group dropped their price objective on shares of Unity Software from $137.00 to $105.00 and set an "outperform" rating on the stock in a report on Tuesday, June 21st. BTIG Research dropped their price objective on shares of Unity Software to $68.00 in a report on Monday, August 15th. DA Davidson lowered their target price on shares of Unity Software from $85.00 to $60.00 in a report on Thursday, July 14th. Finally, Benchmark started coverage on shares of Unity Software in a report on Wednesday, June 15th. They issued a "sell" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.93.
Unity Software Stock Down 0.2 %
U opened at $33.25 on Monday. The company has a 50 day moving average of $42.38 and a 200 day moving average of $54.40. The company has a market cap of $9.91 billion, a PE ratio of -14.71 and a beta of 1.90. 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.Unity Software (NYSE:U – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.02). The business 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%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share. On average, sell-side analysts expect that Unity Software Inc. will post -1.81 EPS for the current year.
Insiders Place Their Bets
In other Unity Software news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $36.67, for a total value of $29,225.99. Following the sale, the chief marketing officer now directly owns 219,600 shares in the company, valued at approximately $8,052,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David Helgason sold 8,333 shares of the firm's stock in a transaction on Friday, August 19th. The shares were sold at an average price of $48.09, for a total transaction of $400,733.97. Following the sale, the director now owns 9,143,280 shares in the company, valued at approximately $439,700,335.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Carol W. Carpenter sold 797 shares of the firm's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $29,225.99. Following the sale, the chief marketing officer now owns 219,600 shares in the company, valued at approximately $8,052,732. The disclosure for this sale can be found here. Insiders have sold 26,367 shares of company stock worth $1,229,421 in the last three months. 6.90% of the stock is currently owned by corporate insiders.
Unity Software Company Profile
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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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