Edgestream Partners L.P. Has $2.33 Million Stock Position in Unity Software Inc. (NYSE:U)

Edgestream Partners L.P. increased its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 637.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,899 shares of the company's stock after acquiring an additional 88,955 shares during the quarter. Edgestream Partners L.P.'s holdings in Unity Software were worth $2,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of U. Dimensional Fund Advisors LP lifted its position in shares of Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock worth $37,806,000 after acquiring an additional 200,008 shares during the period. Van ECK Associates Corp boosted its stake in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $31,805,000 after buying an additional 507,274 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after buying an additional 944,709 shares during the period. Bank of New York Mellon Corp increased its holdings in Unity Software by 40.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock valued at $23,929,000 after buying an additional 424,806 shares during the period. Finally, Primecap Management Co. CA raised its stake in shares of Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock valued at $18,367,000 after buying an additional 53,541 shares in the last quarter. Institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on U. Barclays lifted their target price on shares of Unity Software from $16.00 to $18.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Stifel Nicolaus raised their target price on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Morgan Stanley upgraded Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. Piper Sandler reissued a "neutral" rating and set a $17.00 price objective (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, The Goldman Sachs Group lowered 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. Two 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. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Hold" and an average price target of $23.35.

Unity Software Price Performance

Shares of U traded up $0.20 during mid-day trading on Tuesday, hitting $24.46. 7,094,735 shares of the company traded hands, compared to its average volume of 10,566,251. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of -11.99 and a beta of 2.33. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. 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 business has a 50-day moving average of $21.39 and a 200 day moving average of $18.66.

Insider Buying and Selling

In related news, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares of the company's stock, valued at $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Felix The sold 11,719 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the transaction, the senior vice president now owns 411,960 shares of the company's stock, valued at $10,047,704.40. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 554,381 shares of company stock worth $10,631,723 over the last three months. 6.30% of the stock is currently owned by company insiders.

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.