Nishkama Capital LLC Invests $4.17 Million in Unity Software Inc. $U

Key Points

• Nishkama Capital LLC has invested approximately $4.17 million in Unity Software Inc., acquiring 212,621 shares during the first quarter.
• Institutional investors, including Vanguard Group and Ameriprise Financial, have significantly increased their holdings in Unity Software, with Vanguard owning over 32 million shares worth approximately $645 million.
• Unity Software's stock has seen a trading increase of 7.6%, and the company's latest quarterly report showed revenues of $440.94 million, though it missed EPS estimates.

Nishkama Capital LLC bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 212,621 shares of the company's stock, valued at approximately $4,165,000. Unity Software makes up about 0.4% of Nishkama Capital LLC's investment portfolio, making the stock its 26th biggest position. Nishkama Capital LLC owned 0.05% of Unity Software as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position 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 buying an additional 1,841,486 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Unity Software by 89.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company's stock worth $65,778,000 after buying an additional 1,587,582 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Unity Software by 43.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,773,157 shares of the company's stock worth $54,326,000 after buying an additional 837,026 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Unity Software by 35.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,370 shares of the company's stock worth $55,578,000 after buying an additional 642,627 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of Unity Software during the 1st quarter worth $47,648,000. 73.46% of the stock is currently owned by institutional investors.

Insider Transactions at Unity Software

In other Unity Software news, COO Alexander Blum sold 2,582 shares of the firm'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 completion of the sale, the chief operating officer owned 716,926 shares of the company's stock, valued at approximately $23,651,388.74. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 3,384 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $38.37, for a total value of $129,844.08. Following the completion of the sale, the senior vice president directly owned 641,568 shares of the company's stock, valued at $24,616,964.16. This trade represents a 0.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,214,694 shares of company stock valued at $31,384,519. Company insiders own 3.61% of the company's stock.

Unity Software Trading Up 7.6%

NYSE U opened at $39.0440 on Monday. The business has a 50 day simple moving average of $30.92 and a 200 day simple moving average of $25.08. Unity Software Inc. has a one year low of $15.33 and a one year high of $39.72. The stock has a market capitalization of $16.50 billion, a P/E ratio of -36.83 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley increased their target price on Unity Software from $25.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Bank of America assumed coverage on Unity Software in a research report on Thursday, June 26th. They issued an "underperform" rating and a $15.00 target price for the company. Jefferies Financial Group increased their target price on Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Zacks Research downgraded Unity Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, UBS Group raised their price objective on Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Unity Software 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.