Unity Software Inc. (NYSE:U) Position Boosted by Scientech Research LLC

Scientech Research LLC raised its stake in Unity Software Inc. (NYSE:U - Free Report) by 615.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,785 shares of the company's stock after buying an additional 66,911 shares during the period. Scientech Research LLC's holdings in Unity Software were worth $1,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of U. Vanguard Group Inc. grew its stake in Unity Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company's stock valued at $703,192,000 after acquiring an additional 208,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company's stock valued at $317,984,000 after purchasing an additional 2,777,884 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company's stock worth $302,419,000 after purchasing an additional 2,787,058 shares in the last quarter. Capital Research Global Investors raised its position in shares of Unity Software by 18.7% during the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company's stock worth $227,603,000 after purchasing an additional 1,342,787 shares during the last quarter. Finally, Capital International Investors lifted its stake in Unity Software by 426.1% in the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company's stock valued at $210,193,000 after buying an additional 6,376,034 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unity Software

In other news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares of the company's stock, valued at $7,579,617.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares of the company's stock, valued at $7,579,617.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares in the company, valued at $6,851,604.20. The disclosure for this sale can be found here. Insiders have sold 283,906 shares of company stock valued at $5,753,611 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

U has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a report on Friday, August 9th. Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Macquarie boosted their price target on Unity Software from $12.00 to $15.00 and gave the company an "underperform" rating in a report on Tuesday, September 17th. Benchmark reduced their price target on Unity Software from $16.00 to $10.00 and set a "sell" rating on the stock in a research note on Friday, August 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.27.

Unity Software Stock Up 1.1 %

Shares of U stock traded up $0.25 during trading hours on Friday, reaching $22.59. The company had a trading volume of 11,482,428 shares, compared to its average volume of 10,607,867. The company has a market capitalization of $8.83 billion, a P/E ratio of -10.08 and a beta of 2.25. 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 twelve month low of $13.90 and a twelve month high of $43.54. The stock's fifty day simple moving average is $17.40 and its 200 day simple moving average is $19.93.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.12. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The business's revenue was down 15.8% on a year-over-year basis. During the same period last year, the business earned ($0.26) EPS. As a group, sell-side analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Unity Software 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.