DekaBank Deutsche Girozentrale decreased its holdings in Unity Software Inc. (NYSE:U – Free Report) by 11.9% in the second quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The fund owned 26,841 shares of the company’s stock after selling 3,621 shares during the period. DekaBank Deutsche Girozentrale’s shares in Unity Software were worth $444,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to their stakes in U. Johnson Investment Counsel Inc. increased their holdings in Unity Software by 23.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 24,085 shares of the company’s stock worth $392,000 after purchasing an additional 4,516 shares in the last quarter. Achmea Investment Management BV increased their position in Unity Software by 204.5% in the 2nd quarter. Achmea Investment Management BV now owns 85,120 shares of the company’s stock worth $1,384,000 after purchasing an additional 57,163 shares during the period. Coldstream Capital Management Inc. increased their holdings in Unity Software by 127.1% in the second quarter. Coldstream Capital Management Inc. Daiwa Securities Group Inc. now owns 139,235 shares of the company’s stock worth $2,264,000 after acquiring an additional 77,934 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Unity Software by 15.4% in the second quarter. Daiwa Securities Group Inc. now owns 22,248 shares of the company’s stock worth $362,000 after acquiring an additional 2,968 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Unity Software by 10.0% in the second quarter. Royal London Asset Management Ltd. now owns 133,762 shares of the company’s stock worth $2,175,000 after acquiring an additional 12,174 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Unity Software Stock Performance
Unity Software shares opened at $20.81 on Friday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.26 billion, a P/E ratio of -9.29 and a beta of 2.25. The stock has a 50-day moving average of $16.87 and a 200-day moving average of $20.10.
Unity Software (NYSE:U – Get Free Report) last released its quarterly earnings results on Thursday, August 8. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The company had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company’s revenue decreased by 15.8% compared to the year-ago quarter. In the same period last year, the company reported ($0.26) EPS. On average, analysts expect Unity Software Inc. to post -1.86 EPS for the current fiscal year.
Wall Street analysts predict growth
You have been the subject of a number of research reports. Wedbush increased their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC decreased their price target on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Macquarie increased their price target on shares of Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday. Benchmark decreased their price target on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.46.
Check out our latest report on U
Insider buying and selling
In other news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the Director now directly owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the CEO now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC’s website. Also, SVP Felix The sold 30,000 shares of Unity Software in a transaction dated Thursday, September 12. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the SVP now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,472 shares of the company’s stock for $5,778,479. Company insiders own 6.30% of the company’s stock.
Unity Software Profile
(Free Report)
Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions to create, output and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The Company offers its solutions directly through its online store and retail operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore and South Korea, and indirectly through independent distributors and resellers worldwide.
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