Jupiter Topco LLC Acquires Shares of 150,782 Unity Software Inc. $U

Jupiter Topco LLC bought a new stake in Unity Software Inc. (NYSE:U - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 150,782 shares of the company's stock, valued at approximately $4,307,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Unity Software by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company's stock valued at $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth acquired a new stake in Unity Software in the first quarter worth about $260,000. Northwestern Mutual Wealth Management Co. raised its holdings in Unity Software by 28.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company's stock worth $134,000 after purchasing an additional 1,241 shares during the last quarter. California Public Employees Retirement System raised its holdings in Unity Software by 11.3% during the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company's stock worth $12,603,000 after purchasing an additional 53,015 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Unity Software by 1,135.6% during the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company's stock valued at $5,438,000 after purchasing an additional 206,529 shares during the period. Institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on U shares. Weiss Ratings raised shares of Unity Software from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 4th. Citizens Jmp boosted their price target on shares of Unity Software from $37.00 to $45.00 and gave the stock a "market outperform" rating in a research note on Friday, August 7th. UBS Group restated an "outperform" rating on shares of Unity Software in a report on Friday, August 7th. Needham & Company LLC raised their price objective on shares of Unity Software from $40.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company lifted their target price on shares of Unity Software from $36.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Two research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.16.

Insider Activity

In related news, CEO Matthew S. Bromberg sold 16,383 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $742,313.73. Following the completion of the transaction, the chief executive officer owned 1,541,131 shares in the company, valued at approximately $69,828,645.61. The trade was a 1.05% 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 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 the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $1,178,830.27. Following the completion of the sale, the chief financial officer directly owned 678,343 shares of the company's stock, valued at $30,735,721.33. The trade was a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 109,547 shares of company stock worth $4,884,202 in the last ninety days. Company insiders own 0.77% of the company's stock.

Unity Software Price Performance

Shares of U opened at $40.89 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The stock has a market cap of $18.00 billion, a P/E ratio of -30.07, a price-to-earnings-growth ratio of 1.84 and a beta of 2.05. The stock's 50-day moving average price is $35.74 and its two-hundred day moving average price is $27.97.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.39. The company had revenue of $546.47 million during the quarter, compared to analyst estimates of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The company's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, equities analysts predict that Unity Software Inc. will post 0.55 earnings per share for the current year.

Unity Software Profile

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.

Want to see what other hedge funds are holding U? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unity Software Inc. (NYSE:U - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source