Vanguard Group Inc. Has $699.34 Million Stock Position in Unity Software Inc. (NYSE:U)

Vanguard Group Inc. boosted its holdings in Unity Software Inc. (NYSE:U - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,123,035 shares of the company's stock after acquiring an additional 625,872 shares during the quarter. Vanguard Group Inc. owned 7.73% of Unity Software worth $699,335,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the period. Principal Securities Inc. lifted its position in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after purchasing an additional 477 shares during the period. Farther Finance Advisors LLC boosted its stake in Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after purchasing an additional 488 shares in the last quarter. Tidal Investments LLC increased its position in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock valued at $349,000 after purchasing an additional 723 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Unity Software by 144.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 73.46% of the company's stock.

Unity Software Stock Down 6.8 %

NYSE:U traded down $1.25 on Friday, hitting $16.95. 13,013,421 shares of the company's stock traded hands, compared to its average volume of 10,742,079. The firm has a 50-day moving average price of $22.25 and a 200-day moving average price of $22.26. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.94 billion, a PE ratio of -10.09 and a beta of 2.31. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Equities analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Unity Software news, COO Alexander Blum sold 1,479 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the transaction, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, the chief accounting officer now directly owns 452,276 shares of the company's stock, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 781,903 shares of company stock worth $17,934,432. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Macquarie began coverage on shares of Unity Software in a research report on Monday, March 10th. They set a "neutral" rating and a $24.00 price objective for the company. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Needham & Company LLC increased their target price on shares of Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group reduced their target price on shares of Unity Software from $28.00 to $24.00 and set a "hold" rating for the company in a report on Monday. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $25.32.

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.