Illinois Municipal Retirement Fund Has $1.38 Million Position in Unity Software Inc. $U

Illinois Municipal Retirement Fund lifted its stake in shares of Unity Software Inc. (NYSE:UFree Report) by 85.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,671 shares of the company’s stock after purchasing an additional 28,833 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Unity Software were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Unity Software by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock valued at $128,350,000 after acquiring an additional 252,648 shares during the last quarter. FengHe Fund Management Pte. Ltd. grew its position in Unity Software by 287.0% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after acquiring an additional 1,284,400 shares during the last quarter. KBC Group NV increased its holdings in Unity Software by 511.9% in the 4th quarter. KBC Group NV now owns 51,960 shares of the company’s stock worth $2,295,000 after purchasing an additional 43,468 shares in the last quarter. Vanguard Group Inc. increased its holdings in Unity Software by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after purchasing an additional 996,685 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Unity Software in the fourth quarter valued at about $3,710,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Trading Down 0.3%

NYSE:U opened at $29.71 on Wednesday. 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 $12.97 billion, a price-to-earnings ratio of -18.93, a PEG ratio of 3.61 and a beta of 2.05. The firm has a fifty day simple moving average of $28.50 and a two-hundred day simple moving average of $27.58. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15.

Insider Activity at Unity Software

In related news, COO Alexander Blum sold 19,009 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $516,664.62. Following the transaction, the chief operating officer directly owned 730,069 shares of the company’s stock, valued at approximately $19,843,275.42. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 company’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 value of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares in the company, valued at approximately $8,416,904. This trade represents a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler assumed coverage on Unity Software in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price target on the stock. Bank of America raised their price objective on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Wedbush boosted their target price on shares of Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.77.

View Our Latest Analysis on Unity Software

Unity Software Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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