California State Teachers Retirement System Has $8.06 Million Stake in Unity Software Inc. $U

California State Teachers Retirement System increased its stake in Unity Software Inc. (NYSE:U) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,521 shares of the company’s stock after acquiring an additional 66,785 shares during the quarter. California State Teachers Retirement System’s holdings in Unity Software were worth $8,063,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Unity Software by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after purchasing an additional 996,685 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after acquiring an additional 6,734,285 shares during the period. Geode Capital Management LLC increased its position in Unity Software by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after buying an additional 328,595 shares during the last quarter. Norges Bank bought a new stake in Unity Software in the 4th quarter valued at about $230,285,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Unity Software by 37.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock valued at $112,006,000 after buying an additional 1,270,798 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Up 5.5%

Shares of U stock opened at $35.22 on Wednesday. The stock has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $26.63. The firm has a market capitalization of $15.38 billion, a PE ratio of -22.43, a PEG ratio of 3.95 and a beta of 2.04. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Analysts Set New Price Targets

U has been the topic of a number of analyst reports. Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Citigroup decreased their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Piper Sandler reissued an “overweight” rating and set a $45.00 price target (up from $40.00) on shares of Unity Software in a report on Thursday, July 30th. Barclays upped their price objective on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC boosted their price target on Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Unity Software currently has an average rating of “Moderate Buy” and an average price target of $38.49.

Insider Activity at Unity Software

In other Unity Software news, COO Alexander Blum sold 19,009 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $516,664.62. Following the sale, the chief operating officer directly owned 730,069 shares of the company’s stock, valued at $19,843,275.42. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the sale, the senior vice president directly owned 309,445 shares in the company, valued at approximately $8,416,904. This represents a 0.31% 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 a total of 198,321 shares of company stock valued at $5,390,783 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Unity Software 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.