Unity Software Inc. (NYSE:U) Shares Bought by Creative Planning

Creative Planning lifted its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 111.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,195 shares of the company's stock after buying an additional 71,325 shares during the quarter. Creative Planning's holdings in Unity Software were worth $2,198,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. TD Asset Management Inc increased its position in shares of Unity Software by 31.0% during the fourth quarter. TD Asset Management Inc now owns 39,628 shares of the company's stock worth $1,620,000 after purchasing an additional 9,370 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Unity Software by 0.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company's stock worth $4,750,000 after purchasing an additional 440 shares in the last quarter. Prudential PLC increased its position in shares of Unity Software by 50.4% during the fourth quarter. Prudential PLC now owns 14,891 shares of the company's stock worth $609,000 after purchasing an additional 4,992 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Unity Software by 625.8% during the fourth quarter. Nomura Holdings Inc. now owns 390,184 shares of the company's stock worth $15,955,000 after purchasing an additional 336,423 shares in the last quarter. Finally, Cantor Fitzgerald L. P. increased its position in shares of Unity Software by 44.8% during the fourth quarter. Cantor Fitzgerald L. P. now owns 10,379 shares of the company's stock worth $424,000 after purchasing an additional 3,212 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC dropped their target price on Unity Software from $31.00 to $23.00 and set a "buy" rating for the company in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, September 13th. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Macquarie upped their price objective on shares of Unity Software from $12.00 to $15.00 and gave the company an "underperform" rating in a report on Tuesday, September 17th. Finally, JMP Securities reissued a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Unity Software currently has a consensus rating of "Hold" and a consensus price target of $24.21.

Insider Transactions at Unity Software

In other news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company's stock, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company's stock, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,906 shares of company stock valued at $5,753,611. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Trading Down 3.0 %

U stock traded down $0.64 during mid-day trading on Monday, hitting $21.20. 9,057,030 shares of the company were exchanged, compared to its average volume of 10,639,903. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.28 billion, a P/E ratio of -9.68 and a beta of 2.28. The business has a fifty day simple moving average of $17.92 and a 200-day simple moving average of $19.68. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.12. The company 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%. Unity Software's revenue was down 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) earnings per share. On average, equities research analysts predict 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.