Quantbot Technologies LP acquired a new position in Unity Software Inc. (NYSE:U – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 102,740 shares of the company’s stock, valued at approximately $2,936,000.
A number of other hedge funds have also recently made changes to their positions in U. Wellington Management Group LLP increased its holdings in Unity Software by 58.7% in the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares during the last quarter. Norges Bank purchased a new position in shares of Unity Software during the fourth quarter worth $230,285,000. Renaissance Technologies LLC purchased a new position in shares of Unity Software during the first quarter worth $54,534,000. Duquesne Family Office LLC acquired a new stake in shares of Unity Software in the second quarter valued at $42,932,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Unity Software by 52.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company’s stock valued at $93,089,000 after buying an additional 1,465,962 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Unity Software Stock Performance
Shares of Unity Software stock opened at $46.90 on Monday. The business has a 50-day simple moving average of $33.48 and a 200-day simple moving average of $27.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The company has a market cap of $20.64 billion, a PE ratio of -34.49, a P/E/G ratio of 2.06 and a beta of 2.04.
Insider Transactions at Unity Software
In other news, COO Alexander Blum sold 2,099 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $27.37, for a total value of $57,449.63. Following the completion of the sale, the chief operating officer directly owned 727,970 shares of the company’s stock, valued at approximately $19,924,538.90. The trade was a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares of the company’s stock, valued at approximately $10,074,375.72. This represents a 3.45% decrease in their position. 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. Insiders sold 198,321 shares of company stock valued at $5,390,783 over the last quarter. 0.77% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on U shares. Bank of America upgraded Unity Software from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $50.00 in a report on Friday, August 7th. Needham & Company LLC lifted their target price on Unity Software from $40.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. BTIG Research boosted their price target on shares of Unity Software from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Unity Software from a “hold” rating to a “buy” rating and increased their price target for the stock from $31.00 to $50.00 in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.16.
Check Out Our Latest 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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