Broad Peak Investment Advisers Pte Ltd Makes New $47.65 Million Investment in Unity Software Inc. (NYSE:U)

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

Several other institutional investors have also recently added to or reduced their stakes in U. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software during the 4th quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software during the 4th quarter valued at about $36,000. Itau Unibanco Holding S.A. increased its stake in shares of Unity Software by 150.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after acquiring an additional 1,068 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 acquiring an additional 1,125 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Unity Software by 72.5% during the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after purchasing an additional 1,186 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Stock Up 5.4%

Shares of Unity Software stock traded up $1.51 on Tuesday, hitting $29.37. 23,712,571 shares of the company's stock traded hands, compared to its average volume of 11,730,174. The stock has a market cap of $12.21 billion, a P/E ratio of -26.22 and a beta of 2.29. 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 firm's 50-day moving average is $23.33 and its 200 day moving average is $22.36. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded Unity Software from a "hold" rating to a "buy" rating and boosted their target price for the stock from $22.00 to $29.00 in a report on Friday, May 30th. Macquarie assumed coverage on Unity Software in a report on Monday, March 10th. They set a "neutral" rating and a $24.00 target price for the company. Needham & Company LLC decreased their target price on Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company upped their price target on Unity Software from $19.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Citigroup upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Unity Software has a consensus rating of "Moderate Buy" and a consensus price target of $24.80.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 261,473 shares of the company's stock in a transaction that occurred on 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 sale, the director directly owned 7,489,173 shares of the company's stock, valued at approximately $192,471,746.10. This represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 46,957 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total value of $997,366.68. Following the sale, the senior vice president directly owned 644,952 shares in the company, valued at approximately $13,698,780.48. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,177,944 shares of company stock worth $28,419,375. 3.61% of the stock is owned by insiders.

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.