Cerity Partners LLC Purchases 24,406 Shares of Unity Software Inc. (NYSE:U)

Cerity Partners LLC increased its holdings in Unity Software Inc. (NYSE:U - Free Report) by 45.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,478 shares of the company's stock after acquiring an additional 24,406 shares during the period. Cerity Partners LLC's holdings in Unity Software were worth $1,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock worth $37,806,000 after acquiring an additional 200,008 shares during the period. Van ECK Associates Corp raised its holdings in shares of Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $31,805,000 after purchasing an additional 507,274 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after purchasing an additional 944,709 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock valued at $23,929,000 after purchasing an additional 424,806 shares during the period. Finally, Primecap Management Co. CA increased its position in Unity Software by 7.1% in the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock worth $18,367,000 after buying an additional 53,541 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Trading Up 0.8 %

Unity Software stock traded up $0.20 during trading hours on Tuesday, reaching $24.46. The stock had a trading volume of 7,094,735 shares, compared to its average volume of 10,566,251. The stock has a market cap of $9.85 billion, a PE ratio of -11.99 and a beta of 2.33. The company has a fifty day simple moving average of $21.39 and a 200-day simple moving average of $18.66. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares of the company's stock, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Barrysmith sold 8,112 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.38, for a total value of $197,770.56. Following the completion of the transaction, the chief financial officer now directly owns 454,866 shares of the company's stock, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 554,381 shares of company stock worth $10,631,723 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

U has been the topic of several research reports. Wedbush boosted their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. UBS Group increased their price target on shares of Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Barclays boosted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of "Hold" and an average target price of $23.35.

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.