Unity Software Inc. $U Shares Bought by Maytree Asset Management Ltd

Maytree Asset Management Ltd grew its position in shares of Unity Software Inc. (NYSE:U) by 327.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,735 shares of the company’s stock after acquiring an additional 78,722 shares during the quarter. Unity Software comprises 4.2% of Maytree Asset Management Ltd’s portfolio, making the stock its 4th biggest position. Maytree Asset Management Ltd’s holdings in Unity Software were worth $2,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in U. Atreides Management LP increased its stake in Unity Software by 146.7% during the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after acquiring an additional 5,607,572 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new stake in Unity Software during the first quarter worth about $47,648,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Unity Software during the first quarter worth about $43,265,000. Vanguard Group Inc. boosted its position in shares of Unity Software by 5.9% in the first quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock worth $645,775,000 after buying an additional 1,841,486 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Unity Software by 89.7% in the first quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company’s stock worth $65,778,000 after buying an additional 1,587,582 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 1,350,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the completion of the sale, the director directly owned 6,139,173 shares in the company, valued at approximately $272,763,456.39. This trade represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anirma Gupta sold 2,734 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $37.85, for a total value of $103,481.90. Following the sale, the senior vice president owned 175,510 shares of the company’s stock, valued at approximately $6,643,053.50. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,236,951 shares of company stock valued at $95,081,659 in the last quarter. Corporate insiders own 3.61% of the company’s stock.

Unity Software Price Performance

Shares of NYSE:U opened at $37.29 on Monday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $46.94. The business has a fifty day simple moving average of $40.08 and a 200 day simple moving average of $30.90. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of -35.18 and a beta of 2.32.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The firm had revenue of $440.94 million for the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Unity Software’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on U. Zacks Research downgraded Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Arete Research raised Unity Software to a “hold” rating in a research report on Thursday, October 16th. Barclays upped their target price on Unity Software from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a report on Friday. Finally, Hsbc Global Res cut Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.10.

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.