36,400 Shares in Unity Software Inc. $U Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new stake in Unity Software Inc. (NYSE:U - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,400 shares of the company's stock, valued at approximately $1,040,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in Unity Software by 58.7% in the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company's stock worth $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Unity Software by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company's stock valued at $258,547,000 after buying an additional 328,595 shares in the last quarter. Norges Bank purchased a new position in shares of Unity Software during the 4th quarter valued at about $230,285,000. Ameriprise Financial Inc. lifted its position in Unity Software by 37.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company's stock worth $112,006,000 after buying an additional 1,270,798 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Unity Software by 41.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,622,445 shares of the company's stock worth $204,174,000 after buying an additional 1,355,847 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

U has been the subject of several research reports. Zacks Research raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Wedbush lifted their price target on shares of Unity Software from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Benchmark upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a report on Friday, August 7th. Oppenheimer upped their price objective on shares of Unity Software from $38.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.16.

Unity Software Trading Up 0.2%

NYSE U opened at $43.40 on Monday. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a 50 day simple moving average of $35.17 and a two-hundred day simple moving average of $27.74. The stock has a market cap of $19.10 billion, a P/E ratio of -31.91, a price-to-earnings-growth ratio of 1.90 and a beta of 2.04.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. During the same period last year, the company earned $0.18 EPS. The business's quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts forecast that Unity Software Inc. will post 0.55 earnings per share for the current year.

Insider Activity at Unity Software

In other news, COO Alexander Blum sold 20,595 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $933,159.45. Following the completion of the transaction, the chief operating officer owned 707,375 shares of the company's stock, valued at approximately $32,051,161.25. This represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 1,032 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total value of $46,770.24. Following the completion of the transaction, the senior vice president directly owned 308,413 shares of the company's stock, valued at $13,977,277.16. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 65,991 shares of company stock valued at $2,989,081 in the last 90 days. 0.77% of the stock is owned by company insiders.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity's technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company's core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.

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