Deutsche Bank AG Sells 126,598 Shares of Unity Software Inc. $U

Key Points

• Deutsche Bank AG reduced its stake in Unity Software Inc. by 54.6%, selling 126,598 shares to hold a total of 105,075 shares worth approximately $2.06 million.
• Several institutional investors have increased their positions in Unity Software, with Charles Schwab raising its holdings by 10.6% and Vanguard increasing theirs by 5.9% in the first quarter.
• Unity Software reported a quarterly loss of ($0.26) EPS, missing estimates while revenue for the quarter was $440.94 million, up slightly from last year despite facing a negative net margin of 24.38%.

Deutsche Bank AG lowered its position in Unity Software Inc. (NYSE:U - Free Report) by 54.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,075 shares of the company's stock after selling 126,598 shares during the period. Deutsche Bank AG's holdings in Unity Software were worth $2,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of U. Charles Schwab Investment Management Inc. increased its holdings in shares of Unity Software by 10.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,166,916 shares of the company's stock valued at $42,450,000 after purchasing an additional 208,516 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Unity Software by 5.9% in the first quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company's stock valued at $645,775,000 after purchasing an additional 1,841,486 shares in the last quarter. Encompass More Asset Management increased its holdings in shares of Unity Software by 14.2% in the first quarter. Encompass More Asset Management now owns 76,242 shares of the company's stock valued at $1,494,000 after purchasing an additional 9,463 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Unity Software by 8.6% in the first quarter. Blair William & Co. IL now owns 154,958 shares of the company's stock valued at $3,036,000 after purchasing an additional 12,242 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Unity Software by 19.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,936 shares of the company's stock valued at $175,000 after purchasing an additional 1,439 shares in the last quarter. Institutional investors own 73.46% of the company's stock.

Insider Activity

In other news, COO Alexander Blum sold 2,582 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $32.99, for a total transaction of $85,180.18. Following the transaction, the chief operating officer directly owned 716,926 shares in the company, valued at $23,651,388.74. The trade was a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tomer Bar-Zeev sold 50,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $33.18, for a total transaction of $1,659,000.00. Following the transaction, the director owned 2,148,146 shares in the company, valued at $71,275,484.28. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,214,694 shares of company stock worth $31,384,519. 3.61% of the stock is currently owned by company insiders.

Unity Software Price Performance

Shares of U stock opened at $35.9090 on Thursday. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $39.72. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of -33.88 and a beta of 2.32. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $30.38 and a 200-day moving average of $24.80.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $440.94 million during the quarter, compared to analyst estimates of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. Unity Software's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned ($0.32) EPS. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on U shares. Citigroup raised their price target on shares of Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JMP Securities lifted their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Wedbush lifted their target price on shares of Unity Software from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Morgan Stanley lifted their target price on shares of Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Barclays lifted their target price on shares of Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

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.

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