Strs Ohio Decreases Holdings in Unity Software Inc. $U

Strs Ohio decreased its holdings in Unity Software Inc. (NYSE:U) by 85.5% in the third quarter, Holdings Channel.com reports. The firm owned 7,573 shares of the company’s stock after selling 44,649 shares during the period. Strs Ohio’s holdings in Unity Software were worth $303,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Unity Software by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after buying an additional 45,481 shares during the period. Focus Partners Wealth purchased a new stake in Unity Software during the 1st quarter valued at about $260,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Unity Software during the 2nd quarter worth approximately $232,000. QRG Capital Management Inc. purchased a new position in Unity Software in the 2nd quarter worth approximately $315,000. Finally, KLP Kapitalforvaltning AS increased its stake in Unity Software by 6.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 63,000 shares of the company’s stock worth $1,525,000 after purchasing an additional 3,800 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Down 24.4%

U stock opened at $29.03 on Monday. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $52.15. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of -27.65, a price-to-earnings-growth ratio of 30.50 and a beta of 2.05. The business’s 50 day moving average price is $43.99 and its two-hundred day moving average price is $40.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $470.62 million for the quarter, compared to analysts’ expectations of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. As a group, analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on U. UBS Group raised their target price on shares of Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. The Goldman Sachs Group raised their price target on shares of Unity Software from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Freedom Capital upgraded shares of Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Macquarie raised Unity Software from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $50.00 in a research note on Friday, November 7th. Finally, Needham & Company LLC upped their price target on Unity Software from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.27.

Insider Buying and Selling at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 41,025 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,697,614.50. Following the sale, the chief executive officer directly owned 1,192,541 shares of the company’s stock, valued at approximately $49,347,346.58. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Helgason sold 393,312 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $49.64, for a total value of $19,524,007.68. Following the transaction, the director owned 5,439,173 shares of the company’s stock, valued at $270,000,547.72. The trade was a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,397,935 shares of company stock valued at $65,679,498. 3.61% of the stock is currently owned by company insiders.

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.