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

Broad Peak Investment Advisers Pte Ltd purchased a new stake in Unity Software Inc. (NYSE:U - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,432,258 shares of the company's stock, valued at approximately $47,648,000. Unity Software accounts for 32.1% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 2nd biggest position. Broad Peak Investment Advisers Pte Ltd owned 0.59% of Unity Software at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Unity Software in the 4th quarter valued at about $440,000. Jones Financial Companies Lllp grew its holdings in shares of Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after acquiring an additional 1,125 shares in the last quarter. 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 acquiring an additional 72,384 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Unity Software by 22.9% in the 4th quarter. M&T Bank Corp now owns 35,121 shares of the company's stock valued at $789,000 after acquiring an additional 6,540 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Unity Software by 2.3% in the 4th quarter. Arizona State Retirement System now owns 80,621 shares of the company's stock valued at $1,812,000 after acquiring an additional 1,840 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Down 0.3%

Shares of Unity Software stock traded down $0.07 during trading on Friday, hitting $29.09. The company's stock had a trading volume of 3,329,300 shares, compared to its average volume of 11,749,105. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of -26.01 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $22.50.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Needham & Company LLC cut their target price on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus cut 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 note on Thursday, May 8th. Wall Street Zen downgraded shares of Unity Software from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley cut their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Jefferies Financial Group upgraded shares of Unity Software from a "hold" rating to a "buy" rating and raised their target price for the company from $22.00 to $29.00 in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.80.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 261,473 shares of Unity Software stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the completion of the transaction, the director owned 7,489,173 shares in the company, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Bromberg sold 133,072 shares of Unity Software stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the transaction, the chief executive officer directly owned 1,222,812 shares in the company, valued at approximately $25,972,526.88. This represents a 9.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,177,944 shares of company stock worth $28,419,375 over the last 90 days. 3.61% of the stock is owned by company insiders.

Unity Software 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.