Unity Software Inc. (NYSE:U) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 1,321.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,975 shares of the company's stock after purchasing an additional 276,081 shares during the quarter. Principal Financial Group Inc. owned 0.07% of Unity Software worth $5,818,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Unity Software by 2.1% in the 4th 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 in the last quarter. Capital International Investors increased its holdings in 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 purchasing an additional 1,786,032 shares during the period. Norges Bank acquired a new position in shares of Unity Software during the fourth quarter worth $269,320,000. Geode Capital Management LLC lifted its position in shares of Unity Software by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company's stock worth $107,208,000 after buying an additional 84,480 shares during the last quarter. Finally, Slate Path Capital LP purchased a new position in Unity Software during the 4th quarter worth approximately $62,387,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Up 14.3%

Unity Software stock opened at $33.95 on Thursday. The firm has a market cap of $14.11 billion, a PE ratio of -30.31 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $34.55. The firm's 50 day moving average price is $24.53 and its two-hundred day moving average price is $22.70.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate 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 net margin of 25.21% and a negative return on equity of 14.12%. The business's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays reduced their target price on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley cut their price target on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wedbush upgraded Unity Software to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus cut their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $25.20.

Insider Transactions at Unity Software

In related news, Director Shlomo Dovrat sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the completion of the transaction, the director owned 189,089 shares in the company, valued at $5,674,560.89. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Helgason sold 261,473 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the completion of the transaction, the director directly owned 7,489,173 shares in the company, valued at approximately $192,471,746.10. This represents a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,226,809 shares of company stock valued at $29,913,123 over the last 90 days. Corporate insiders own 3.61% of the company's stock.

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.

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