Quantinno Capital Management LP Purchases 182,324 Shares of Unity Software Inc. $U

Quantinno Capital Management LP increased its position in Unity Software Inc. (NYSE:UFree Report) by 81.3% in the 1st quarter, HoldingsChannel reports. The fund owned 406,560 shares of the company’s stock after purchasing an additional 182,324 shares during the period. Quantinno Capital Management LP’s holdings in Unity Software were worth $8,920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new stake in Unity Software in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in Unity Software during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its stake in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Unity Software in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc bought a new stake in shares of Unity Software in the third quarter valued at approximately $33,000. 73.46% of the stock is currently owned by institutional investors.

Insider Transactions at Unity Software

In related news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the sale, the chief financial officer owned 704,360 shares in the company, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 19,009 shares of Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $516,664.62. Following the sale, the chief operating officer directly owned 730,069 shares of the company’s stock, valued at $19,843,275.42. This represents a 2.54% 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. Over the last 90 days, insiders sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

U has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Unity Software in a research note on Friday, July 17th. Citigroup reduced their price objective on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company increased their target price on Unity Software from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Wedbush increased their target price on Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial began coverage on Unity Software in a report on Monday, June 29th. They issued a “market perform” rating for the company. Two analysts have 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.49.

Read Our Latest Research Report on Unity Software

Unity Software Stock Performance

Unity Software stock opened at $35.22 on Wednesday. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. 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 firm has a market capitalization of $15.38 billion, a PE ratio of -22.43, a price-to-earnings-growth ratio of 3.95 and a beta of 2.04. The firm’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $26.63.

Unity Software Company 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.

See Also

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

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