Ieq Capital LLC acquired a new position in Unity Software Inc. (NYSE:U – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 517,675 shares of the company’s stock, valued at approximately $14,795,000.
Several other large investors have also recently added to or reduced their stakes in U. Vanguard Group Inc. raised its stake in Unity Software by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after acquiring an additional 996,685 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after purchasing an additional 6,734,285 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Unity Software by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after purchasing an additional 328,595 shares in the last quarter. Norges Bank bought a new position in shares of Unity Software in the fourth quarter worth $230,285,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Unity Software by 37.8% during the second quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock valued at $112,006,000 after purchasing an additional 1,270,798 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Unity Software Stock Up 0.8%
U opened at $46.90 on Friday. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock’s fifty day moving average is $33.48 and its 200-day moving average is $27.07. The company has a market capitalization of $20.64 billion, a PE ratio of -34.49, a P/E/G ratio of 2.06 and a beta of 2.04.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on U. Wedbush lifted their price objective on shares of Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 target price for the company in a research report on Friday, August 7th. Citigroup raised their target price on shares of Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Unity Software from a “hold” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $50.00 in a research report on Friday, August 7th. Finally, UBS Group reiterated an “outperform” rating on shares of Unity Software in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.16.
Read Our Latest Research Report on U
Insider Transactions at Unity Software
In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the completion of the sale, the chief financial officer directly owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the transaction, the senior vice president owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. This trade represents a 0.31% 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. Insiders sold 198,321 shares of company stock valued at $5,390,783 in the last quarter. 0.77% of the stock is owned by company insiders.
About Unity Software
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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