Fuller & Thaler Asset Management Inc. Buys Shares of 2,208,535 Unity Software Inc. $U

Key Points

• Fuller & Thaler Asset Management Inc. acquired a new stake in Unity Software Inc., purchasing 2,208,535 shares valued at approximately $43.3 million, representing 0.53% of the company as of the latest reporting period.
• Several institutional investors have significantly increased their positions in Unity Software, with Cornerstone Planning Group boosting its stake by 30,300%, now owning 1,216 shares valued at $25,000.
• Analysts' ratings for Unity Software vary, with nine analysts issuing a buy rating, while two rated it as a sell, leading to an average target price of $31.20 for the stock.

Fuller & Thaler Asset Management Inc. purchased a new stake in Unity Software Inc. (NYSE:U - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,208,535 shares of the company's stock, valued at approximately $43,265,000. Fuller & Thaler Asset Management Inc. owned 0.53% of Unity Software at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 1,212 shares during the period. Anderson Financial Strategies LLC acquired a new position in Unity Software in the fourth quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software in the fourth quarter valued at approximately $36,000. Itau Unibanco Holding S.A. lifted its holdings in Unity Software by 150.4% in the fourth 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 period. Finally, GAMMA Investing LLC lifted its holdings in Unity Software by 72.5% in the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $55,000 after acquiring an additional 1,186 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of U stock traded up $2.7640 during trading hours on Friday, hitting $39.0440. 16,007,937 shares of the company's stock were exchanged, compared to its average volume of 14,413,397. 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 market cap of $16.50 billion, a P/E ratio of -36.83 and a beta of 2.32. The firm has a 50 day moving average of $30.92 and a two-hundred day moving average of $25.08. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $39.72.

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

Insider Activity

In related news, SVP Anirma Gupta sold 3,384 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $38.37, for a total transaction of $129,844.08. Following the completion of the sale, the senior vice president directly owned 641,568 shares in the company, valued at approximately $24,616,964.16. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alexander Blum sold 2,582 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $32.99, for a total value of $85,180.18. Following the sale, the chief operating officer owned 716,926 shares of the company's stock, valued at $23,651,388.74. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,214,694 shares of company stock valued at $31,384,519 in the last three months. Company insiders own 3.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on U. UBS Group boosted their price target on Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays upped their target price on Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Needham & Company LLC upped their target price on Unity Software from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Bank of America initiated coverage on Unity Software in a research note on Thursday, June 26th. They set an "underperform" rating and a $15.00 target price for the company. Finally, Morgan Stanley upped their target price on Unity Software from $25.00 to $40.00 and gave the stock an "overweight" rating in a research note 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

About Unity Software

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.