Dimensional Fund Advisors LP Has $37.81 Million Holdings in Unity Software Inc. (NYSE:U)

Dimensional Fund Advisors LP grew its holdings in Unity Software Inc. (NYSE:U - Free Report) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,324,694 shares of the company's stock after buying an additional 200,008 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Unity Software worth $37,806,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Tradewinds Capital Management LLC boosted its holdings in Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock worth $26,000 after buying an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after buying an additional 996 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock worth $62,000 after buying an additional 562 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Unity Software during the first quarter worth $65,000. Finally, Blue Trust Inc. lifted its position in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after buying an additional 2,359 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley raised Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 target price on the stock in a research report on Tuesday, September 3rd. Needham & Company LLC lowered their target price on shares of Unity Software from $31.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Macquarie increased their price target on shares of Unity Software from $12.00 to $15.00 and gave the company an "underperform" rating in a research note on Tuesday, September 17th. The Goldman Sachs Group lowered their price objective on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $24.21.

Unity Software Stock Performance

Shares of NYSE U traded down $1.03 during trading hours on Tuesday, reaching $21.59. 11,215,322 shares of the stock were exchanged, compared to its average volume of 10,624,092. The stock's fifty day simple moving average is $17.61 and its 200 day simple moving average is $19.79. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of -9.64 and a beta of 2.25. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. 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 (NYSE:U - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. During the same quarter last year, the firm earned ($0.26) earnings per share. The company's revenue was down 15.8% on a year-over-year basis. Sell-side analysts predict that Unity Software Inc. will post -1.86 EPS for the current year.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares of the company's stock, valued at $168,876,112.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David Helgason sold 250,000 shares of the firm'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 in the company, valued at $168,876,112.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the business's stock in a transaction dated 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 directly owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. The disclosure for this sale can be found here. Insiders sold 283,906 shares of company stock valued at $5,753,611 in the last quarter. Company insiders own 6.30% of the company's stock.

About Unity Software

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.