Amundi Grows Stock Position in Unity Software Inc. $U

Amundi increased its stake in Unity Software Inc. (NYSE:U - Free Report) by 74.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,229,427 shares of the company's stock after purchasing an additional 948,266 shares during the quarter. Amundi owned approximately 0.51% of Unity Software worth $48,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of U. Wellington Management Group LLP grew its holdings in shares of Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company's stock valued at $729,284,000 after purchasing an additional 6,734,285 shares in the last quarter. Norges Bank bought a new position in shares of Unity Software during the 4th quarter worth approximately $230,285,000. Renaissance Technologies LLC purchased a new stake in Unity Software in the first quarter valued at about $54,534,000. Duquesne Family Office LLC purchased a new stake in shares of Unity Software during the second quarter valued at $42,932,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Unity Software by 52.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company's stock worth $93,089,000 after acquiring an additional 1,465,962 shares during the period. Institutional investors own 73.46% of the company's stock.

Key Headlines Impacting Unity Software

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Analyst raises price target: Piper Sandler reaffirmed its “overweight” rating and raised its price target to $45 from $40, indicating continued confidence in Unity’s potential upside. Benzinga analyst rating report
• Positive Sentiment: Strong Buy designation: Unity was added to Zacks’ Rank #1 (Strong Buy) list of growth stocks, which could support investor interest and reinforce the bullish view ahead of earnings. Best Growth Stocks to Buy for July 31st
• Positive Sentiment: Potential earnings beat: Zacks said Unity has factors that could support earnings growth and a likely beat in its upcoming quarterly report. The company is expected to report results shortly, making earnings expectations an important near-term catalyst. Unity Software Earnings Expected to Grow
• Neutral Sentiment: Investor attention is elevated: Unity has been among the stocks attracting significant attention from Zacks users, potentially increasing trading activity, but the coverage does not provide a new fundamental catalyst by itself. Is Trending Stock Unity Software a Buy Now
• Negative Sentiment: Valuation concerns are resurfacing: GuruFocus characterized Unity as overvalued following its recent rally. That assessment may be encouraging profit-taking, particularly while the company remains unprofitable on a trailing basis. Is Unity Software Overvalued After Rally
• Negative Sentiment: Growth-stock rotation remains a headwind: Broader market commentary points to investors favoring defensive and value-oriented stocks over growth shares. That environment can pressure higher-volatility names such as Unity even when company-specific analyst sentiment is positive.

Unity Software Stock Performance

Shares of Unity Software stock opened at $31.74 on Monday. The business has a 50-day moving average of $29.19 and a 200 day moving average of $26.76. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of -20.22, a price-to-earnings-growth ratio of 3.75 and a beta of 2.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95.

Insider Buying and Selling at Unity Software

In other news, COO Alexander Blum sold 2,099 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $27.37, for a total value of $57,449.63. Following the completion of the transaction, the chief operating officer owned 727,970 shares of the company's stock, valued at approximately $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $652,890.78. Following the sale, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 198,321 shares of company stock valued at $5,390,783. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on U shares. UBS Group upped their price target on Unity Software from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Piper Sandler reaffirmed an "overweight" rating and set a $45.00 price target (up from $40.00) on shares of Unity Software in a research report on Thursday. Wells Fargo & Company upped their price objective on Unity Software from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Needham & Company LLC increased their price target on Unity Software from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Unity Software in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.27.

Unity Software Company Profile

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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