Engineers Gate Manager LP lowered its position in Unity Software Inc. (NYSE:U – Free Report) by 71.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 162,674 shares of the company’s stock after selling 413,440 shares during the period. Engineers Gate Manager LP’s holdings in Unity Software were worth $4,649,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in U. Integrated Wealth Concepts LLC raised its position in shares of Unity Software by 21.9% in the second quarter. Integrated Wealth Concepts LLC now owns 104,354 shares of the company’s stock valued at $2,982,000 after buying an additional 18,733 shares during the last quarter. NewEdge Advisors LLC boosted its position in Unity Software by 2,316.0% during the second quarter. NewEdge Advisors LLC now owns 9,664 shares of the company’s stock worth $276,000 after acquiring an additional 9,264 shares during the last quarter. IFP Advisors Inc grew its stake in Unity Software by 21.7% during the 2nd quarter. IFP Advisors Inc now owns 3,997 shares of the company’s stock valued at $114,000 after acquiring an additional 712 shares in the last quarter. Allworth Financial LP grew its stake in Unity Software by 363.4% during the 2nd quarter. Allworth Financial LP now owns 12,730 shares of the company’s stock valued at $364,000 after acquiring an additional 9,983 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Unity Software by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 93,307 shares of the company’s stock valued at $2,667,000 after acquiring an additional 6,221 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
Insiders Place Their Bets
In other news, COO Alexander Blum sold 43,556 shares of the company’s 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 transaction, the chief operating officer owned 661,855 shares of the company’s stock, valued at $28,797,311.05. This represents a 6.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jarrod Yahes sold 26,017 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $1,178,830.27. Following the transaction, the chief financial officer owned 678,343 shares of the company’s stock, valued at approximately $30,735,721.33. This represents a 3.69% 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. Insiders have sold 109,547 shares of company stock worth $4,884,202 over the last ninety days. Company insiders own 0.77% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on U
Unity Software Stock Up 4.6%
Shares of NYSE U opened at $44.00 on Friday. The company has a market capitalization of $19.37 billion, a P/E ratio of -32.36, a P/E/G ratio of 1.93 and a beta of 2.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. The company has a 50 day simple moving average of $37.92 and a 200-day simple moving average of $29.22. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15.
Unity Software (NYSE:U – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.39. The firm had revenue of $546.47 million for the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts predict that Unity Software Inc. will post 0.55 earnings per share for the current year.
Unity Software Profile
Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time 2D and 3D content. Its platform is widely used to build video games for mobile devices, personal computers, consoles and the web, as well as applications for industries such as automotive, architecture, engineering, construction, manufacturing and media.
The company’s core offerings include the Unity Engine and related development tools, which support graphics, physics, animation, audio, scripting and deployment across multiple platforms.
Further Reading
- Five stocks we like better than Unity Software
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Want to see what other hedge funds are holding U? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unity Software Inc. (NYSE:U – Free Report).
Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.
