Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 43,100 Unity Software Inc. (NYSE:U)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Unity Software Inc. (NYSE:U - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,100 shares of the company's stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tradewinds Capital Management LLC grew its position in shares of Unity Software by 245.6% in the 1st 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 period. Benjamin F. Edwards & Company Inc. grew its holdings in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after purchasing an additional 996 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after purchasing an additional 1,389 shares in the last quarter. Advisors Asset Management Inc. lifted 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 valued at $62,000 after purchasing an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Unity Software in the 1st quarter worth approximately $65,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Price Performance

U stock traded down $0.11 during mid-day trading on Wednesday, hitting $21.09. The company had a trading volume of 6,422,670 shares, compared to its average volume of 10,592,888. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of -9.46 and a beta of 2.28. The company has a 50-day moving average price of $18.11 and a 200 day moving average price of $19.59. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. 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 issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $449.30 million for the quarter, compared to analysts' expectations of $438.37 million. During the same period in the prior year, the firm earned ($0.26) EPS. The company's revenue for the quarter was down 15.8% on a year-over-year basis. On average, research analysts anticipate that Unity Software Inc. will post -1.86 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Anirma Gupta sold 1,506 shares of the company's 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 transaction, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated 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 completion of the sale, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the company's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now owns 409,540 shares in the company, valued at $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 283,906 shares of company stock worth $5,753,611 over the last three months. 6.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research report on Friday, August 9th. Piper Sandler restated a "neutral" rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Wedbush increased their price objective on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Needham & Company LLC decreased their target price on Unity Software from $31.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Benchmark lowered their target price on shares of Unity Software from $16.00 to $10.00 and set a "sell" rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.21.

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.