Fuller & Thaler Asset Management Inc. Buys New Holdings in 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 shares of Unity Software Inc. (NYSE:U - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,208,535 shares of the company's stock, valued at approximately $43,265,000. Fuller & Thaler Asset Management Inc. owned about 0.53% of Unity Software at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in U. Slate Path Capital LP bought a new position in Unity Software during the fourth quarter valued at approximately $62,387,000. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Unity Software during the 1st quarter worth $47,648,000. Vanguard Group Inc. increased its stake in shares of Unity Software by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company's stock worth $645,775,000 after purchasing an additional 1,841,486 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Unity Software by 3,843.9% during the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock valued at $39,771,000 after purchasing an additional 1,725,070 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Unity Software in the 1st quarter valued at $27,902,000. Institutional investors own 73.46% of the company's stock.

Insider Activity

In other news, CEO Matthew S. Bromberg sold 133,072 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the transaction, the chief executive officer owned 1,222,812 shares in the company, valued at approximately $25,972,526.88. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Helgason sold 261,473 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the transaction, the director directly owned 7,489,173 shares of the company's stock, valued at $192,471,746.10. This represents a 3.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,214,694 shares of company stock worth $31,384,519. Corporate insiders own 3.61% of the company's stock.

Unity Software Stock Performance

NYSE:U traded up $0.4280 during mid-day trading on Thursday, hitting $36.2680. 10,888,847 shares of the company's stock traded hands, compared to its average volume of 13,894,037. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of -34.22 and a beta of 2.32. The firm has a 50 day moving average of $30.61 and a two-hundred day moving average of $24.90. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12 month low of $15.33 and a 12 month 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 business had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the firm earned ($0.32) earnings per share. The business's quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on U shares. Jefferies Financial Group upped their price objective on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Needham & Company LLC upped their price target on Unity Software from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JMP Securities increased their price objective on Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a report on Thursday, August 7th. Stifel Nicolaus reduced their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, BTIG Research cut Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 target price for the company. in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.