Dimensional Fund Advisors LP Grows Position in Unity Software Inc. (NYSE:U)

Dimensional Fund Advisors LP grew its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 35.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,473,370 shares of the company's stock after purchasing an additional 642,627 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.61% of Unity Software worth $55,578,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Unity Software during the fourth quarter valued at about $30,000. 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 valued at $32,000 after purchasing an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after purchasing an additional 411 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Unity Software in the fourth quarter worth $40,000. Finally, Jones Financial Companies Lllp raised its holdings in 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 buying an additional 1,125 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on U. Barclays boosted their target price on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup upgraded shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group lowered their price objective on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, April 7th. Finally, Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Unity Software presently has an average rating of "Moderate Buy" and an average target price of $24.29.

Unity Software Stock Up 0.3 %

Shares of U traded up $0.06 on Thursday, hitting $20.72. 3,807,641 shares of the stock traded hands, compared to its average volume of 11,000,484. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The business has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $22.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market capitalization of $8.61 billion, a PE ratio of -12.33 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares of the company's stock, valued at $9,775,100.08. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 83,333 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $25.44, for a total transaction of $2,119,991.52. Following the sale, the director now owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 782,231 shares of company stock worth $18,033,528 in 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.