Unity Software Inc. (NYSE:U) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA raised its holdings in Unity Software Inc. (NYSE:U - Free Report) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,453 shares of the company's stock after purchasing an additional 91,726 shares during the quarter. Primecap Management Co. CA owned 0.19% of Unity Software worth $12,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in U. Capital Research Global Investors raised its holdings in Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company's stock worth $293,658,000 after purchasing an additional 6,004,655 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Unity Software by 26.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company's stock worth $1,445,000 after purchasing an additional 7,484 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Unity Software in the 1st quarter valued at approximately $3,878,000. Seldon Capital LP purchased a new position in Unity Software during the fourth quarter worth $7,576,000. Finally, Vanguard Group Inc. raised its holdings in shares of Unity Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company's stock worth $703,192,000 after acquiring an additional 208,566 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 250,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Felix The sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Helgason sold 250,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 285,472 shares of company stock worth $5,778,479. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Up 2.8 %

Shares of U stock traded up $0.57 during mid-day trading on Thursday, reaching $20.79. 2,827,026 shares of the company were exchanged, compared to its average volume of 10,230,592. The company has a market capitalization of $8.25 billion, a P/E ratio of -9.03 and a beta of 2.25. The business's 50 day simple moving average is $16.72 and its 200 day simple moving average is $20.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.12. The business had revenue of $449.30 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) earnings per share. Research analysts predict that Unity Software Inc. will post -1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on U. Piper Sandler reiterated a "neutral" rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Stifel Nicolaus increased their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, September 13th. JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Finally, Needham & Company LLC dropped 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.46.

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.