Canada Pension Plan Investment Board acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 247,608 shares of the company's stock, valued at approximately $7,077,000. Canada Pension Plan Investment Board owned about 0.06% of Unity Software as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in U. Newbridge Financial Services Group Inc. increased its stake in shares of Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company's stock worth $108,000 after buying an additional 308 shares during the period. Larson Financial Group LLC boosted its position in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company's stock valued at $29,000 after buying an additional 341 shares during the period. Swiss Life Asset Management Ltd grew its holdings in Unity Software by 3.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company's stock worth $656,000 after acquiring an additional 449 shares during the last quarter. Captrust Financial Advisors grew its holdings in Unity Software by 2.1% in the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company's stock worth $540,000 after acquiring an additional 462 shares during the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Unity Software by 7.7% in the fourth quarter. Cibc World Market Inc. now owns 6,974 shares of the company's stock valued at $308,000 after acquiring an additional 496 shares during the period. Hedge funds and other institutional investors own 73.46% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on U. Citizens Jmp upped their price objective on shares of Unity Software from $37.00 to $45.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. BTIG Research boosted their price target on Unity Software from $43.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Oppenheimer upped their price target on Unity Software from $38.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Needham & Company LLC upped their price target on Unity Software from $40.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, UBS Group reiterated an "outperform" rating on shares of Unity Software in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of "Moderate Buy" and an average target price of $45.16.
View Our Latest Report on U
Insider Activity at Unity Software
In other Unity Software news, SVP Rebecca Berenice Boyden sold 1,032 shares of Unity Software stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total transaction of $46,770.24. Following the sale, the senior vice president directly owned 308,413 shares of the company's stock, valued at approximately $13,977,277.16. The trade was a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 26,017 shares of Unity Software stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total value of $1,178,830.27. Following the sale, the chief financial officer directly owned 678,343 shares in the company, valued at approximately $30,735,721.33. The trade was a 3.69% 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. Over the last ninety days, insiders have sold 65,991 shares of company stock valued at $2,989,081. 0.77% of the stock is currently owned by corporate insiders.
Unity Software Trading Down 0.2%
NYSE:U opened at $43.40 on Friday. The company has a 50-day moving average price of $35.17 and a 200-day moving average price of $27.74. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of -31.91, a P/E/G ratio of 1.90 and a beta of 2.04.
Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The company's revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts predict that Unity Software Inc. will post 0.55 EPS for the current year.
Unity Software Company Profile
(
Free Report)
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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