Broad Peak Investment Advisers Pte Ltd Purchases New Holdings in Unity Software Inc. (NYSE:U)

Broad Peak Investment Advisers Pte Ltd acquired a new position in Unity Software Inc. (NYSE:U - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,432,258 shares of the company's stock, valued at approximately $47,648,000. Unity Software comprises approximately 32.1% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 2nd largest position. Broad Peak Investment Advisers Pte Ltd owned 0.59% of Unity Software as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Unity Software by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company's stock valued at $44,005,000 after buying an additional 72,384 shares during the period. Janney Montgomery Scott LLC lifted its position in Unity Software by 116.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company's stock worth $570,000 after buying an additional 15,633 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Unity Software during the 1st quarter worth about $433,000. Vanguard Group Inc. lifted its position in Unity Software by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after buying an additional 625,872 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Unity Software during the 4th quarter worth about $1,151,000. Institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on U shares. Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC lowered their price target on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays lowered their price target on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Unity Software from a "buy" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.80.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director David Helgason sold 261,473 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $25.70, for a total value of $6,719,856.10. Following the transaction, the director directly owned 7,489,173 shares in the company, valued at $192,471,746.10. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 46,957 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $997,366.68. Following the completion of the transaction, the senior vice president owned 644,952 shares in the company, valued at approximately $13,698,780.48. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,177,944 shares of company stock valued at $28,419,375 in the last quarter. 3.61% of the stock is owned by company insiders.

Unity Software Stock Down 0.3%

U traded down $0.09 during midday trading on Wednesday, hitting $29.31. The company had a trading volume of 16,941,679 shares, compared to its average volume of 11,770,821. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of -26.17 and a beta of 2.29. The stock's 50 day moving average price is $23.47 and its 200 day moving average price is $22.41.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.19. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.