Stephens Investment Management Group LLC Invests $16.18 Million in Unity Software Inc. (NYSE:U)

Stephens Investment Management Group LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 825,669 shares of the company's stock, valued at approximately $16,175,000. Stephens Investment Management Group LLC owned about 0.20% of Unity Software at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in U. Vanguard Group Inc. grew its stake in Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after purchasing an additional 625,872 shares during the period. Capital International Investors boosted its holdings in shares of Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock worth $424,388,000 after buying an additional 1,786,032 shares in the last quarter. Norges Bank acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $269,320,000. Geode Capital Management LLC increased its stake in shares of Unity Software by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock valued at $107,208,000 after acquiring an additional 84,480 shares in the last quarter. Finally, Slate Path Capital LP acquired a new position in shares of Unity Software during the 4th quarter valued at $62,387,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Unity Software 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 value of $2,826,449.28. Following the transaction, the chief executive officer directly owned 1,222,812 shares in the company, valued at $25,972,526.88. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shlomo Dovrat sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the transaction, the director directly owned 189,089 shares of the company's stock, valued at $5,674,560.89. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,227,944 shares of company stock worth $29,919,875. 3.61% of the stock is owned by insiders.

Unity Software Stock Up 1.3%

U stock traded up $0.37 during trading on Monday, reaching $29.30. The stock had a trading volume of 9,654,267 shares, compared to its average volume of 11,765,508. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of -26.16 and a beta of 2.29. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The company's 50 day moving average is $23.94 and its two-hundred day moving average is $22.53.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The company's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. Equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on U. Wedbush upgraded shares of Unity Software to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen lowered Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Needham & Company LLC dropped their price target on Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group raised Unity Software from a "hold" rating to a "buy" rating and raised their price objective for the company from $22.00 to $29.00 in a research note on Friday, May 30th. Finally, UBS Group lowered their target price on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.80.

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.