Public Employees Retirement System of Ohio purchased a new stake in shares of Unity Software Inc. (NYSE:U – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,878 shares of the company’s stock, valued at approximately $2,997,000.
Other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC bought a new stake in shares of Unity Software during the 4th quarter worth approximately $28,000. Larson Financial Group LLC increased its holdings in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. IFP Advisors Inc acquired a new position in Unity Software during the third quarter worth $33,000. International Assets Investment Management LLC bought a new stake in Unity Software during the fourth quarter worth $36,000. Finally, Summit Securities Group LLC bought a new stake in Unity Software during the first quarter worth $54,000. 73.46% of the stock is currently owned by institutional investors.
Unity Software Trading Down 1.1%
Shares of Unity Software stock opened at $41.63 on Friday. 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 firm has a 50-day moving average of $36.58 and a 200-day moving average of $28.37. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The stock has a market cap of $18.32 billion, a PE ratio of -30.61, a PEG ratio of 1.84 and a beta of 2.06.
Insider Buying and Selling
In other news, CFO Jarrod Yahes sold 26,017 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total transaction of $1,178,830.27. Following the completion of the sale, the chief financial officer directly owned 678,343 shares in the company, valued at approximately $30,735,721.33. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 43,556 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $43.51, for a total value of $1,895,121.56. Following the sale, the chief operating officer directly owned 661,855 shares in the company, valued at approximately $28,797,311.05. This trade represents a 6.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 109,547 shares of company stock worth $4,884,202. 0.77% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have recently weighed in on U. Benchmark upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note 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. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group reissued an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Finally, Raymond James Financial assumed coverage on Unity Software in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Unity Software has an average rating of “Moderate Buy” and an average target price of $45.16.
View Our Latest Stock Report on U
Unity Software Company Profile
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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