Blair William & Co. IL Acquires 10,699 Shares of Unity Software Inc. $U

Blair William & Co. IL grew its holdings in Unity Software Inc. (NYSE:U) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,657 shares of the company’s stock after purchasing an additional 10,699 shares during the quarter. Blair William & Co. IL’s holdings in Unity Software were worth $4,009,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of U. Atreides Management LP boosted its stake in shares of Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after purchasing an additional 5,607,572 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new position in shares of Unity Software in the 1st quarter valued at about $47,648,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Unity Software in the 1st quarter valued at about $43,265,000. Vanguard Group Inc. boosted its stake in shares of Unity Software by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock valued at $645,775,000 after purchasing an additional 1,841,486 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Unity Software by 89.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company’s stock valued at $65,778,000 after purchasing an additional 1,587,582 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 2.9%

Shares of Unity Software stock opened at $37.14 on Tuesday. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $46.94. The business has a 50-day moving average of $39.95 and a two-hundred day moving average of $29.80. The company has a market capitalization of $15.69 billion, a P/E ratio of -35.04 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The business had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same quarter last year, the company earned ($0.32) earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on U. BTIG Research lowered Unity Software from a “neutral” rating to a “sell” rating and set a $25.00 target price on the stock. in a research note on Wednesday, July 23rd. Morgan Stanley increased their target price on Unity Software from $25.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. UBS Group increased their target price on Unity Software from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Hsbc Global Res lowered Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.65.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $39.83, for a total value of $9,957,500.00. Following the completion of the sale, the director directly owned 1,548,146 shares in the company, valued at $61,662,655.18. This represents a 13.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 2,296 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $43.99, for a total value of $101,001.04. Following the completion of the sale, the senior vice president owned 628,453 shares of the company’s stock, valued at $27,645,647.47. This trade represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,284,426 shares of company stock valued at $96,630,284. 3.61% of the stock is owned by company insiders.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, 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 field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.