Skandinaviska Enskilda Banken AB publ grew its holdings in Unity Software Inc. (NYSE:U - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,684 shares of the company's stock after acquiring an additional 25,603 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Unity Software were worth $2,131,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software during the fourth quarter worth $36,000. Itau Unibanco Holding S.A. grew its stake in shares of Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after purchasing an additional 1,068 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after purchasing an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.
Unity Software Price Performance
Shares of U opened at $33.48 on Tuesday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $38.96. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of -29.89 and a beta of 2.29. The firm has a 50-day simple moving average of $26.60 and a 200-day simple moving average of $23.34. 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 (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 the consensus estimate of ($0.38) by $0.19. The business had revenue of $435.00 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on U. Stifel Nicolaus lowered their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group upped their price objective on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Bank of America started coverage on shares of Unity Software in a research note on Thursday, June 26th. They issued an "underperform" rating and a $15.00 price objective for the company. Wedbush upped their price objective on shares of Unity Software from $31.50 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Citigroup upped their price objective on shares of Unity Software from $29.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $27.22.
View Our Latest Stock Analysis on U
Insider Transactions at Unity Software
In related news, CAO Mark Barrysmith sold 1,011 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $32.30, for a total value of $32,655.30. Following the completion of the sale, the chief accounting officer owned 464,372 shares in the company, valued at $14,999,215.60. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Bromberg sold 133,072 shares of the firm'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 completion of the sale, the chief executive officer owned 1,222,812 shares of the company's stock, valued at approximately $25,972,526.88. The trade was a 9.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,276,809 shares of company stock valued at $31,561,623 over the last 90 days. Insiders own 3.61% of the company's stock.
About Unity Software
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Free Report)
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.
Further Reading
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