251,189 Shares in Unity Software Inc. (NYSE:U) Purchased by Vestor Capital LLC

Vestor Capital LLC purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 251,189 shares of the company's stock, valued at approximately $10,271,000. Vestor Capital LLC owned approximately 0.07% of Unity Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Eagle Asset Management Inc. purchased a new position in Unity Software in the 3rd quarter worth approximately $82,988,000. Vanguard Group Inc. increased its stake in Unity Software by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company's stock worth $810,483,000 after purchasing an additional 1,972,435 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Unity Software by 14.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company's stock worth $373,392,000 after purchasing an additional 1,170,058 shares during the period. Qube Research & Technologies Ltd purchased a new position in Unity Software in the 3rd quarter worth approximately $36,257,000. Finally, Artisan Partners Limited Partnership increased its stake in Unity Software by 69.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company's stock worth $76,335,000 after purchasing an additional 998,467 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on U shares. Wedbush reissued an "outperform" rating and set a $33.50 target price on shares of Unity Software in a research note on Friday. Piper Sandler raised Unity Software from an "underweight" rating to a "neutral" rating and dropped their target price for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Stifel Nicolaus boosted their target price on Unity Software from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Barclays lowered their price target on Unity Software from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.74.

Insider Activity

In other Unity Software news, SVP Felix The sold 4,374 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total value of $142,373.70. Following the completion of the transaction, the senior vice president now owns 298,948 shares of the company's stock, valued at $9,730,757.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Unity Software news, SVP Felix The sold 4,374 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total value of $142,373.70. Following the completion of the transaction, the senior vice president now owns 298,948 shares of the company's stock, valued at $9,730,757.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the transaction, the director now directly owns 4,498,146 shares of the company's stock, valued at approximately $119,605,702.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 338,917 shares of company stock worth $9,460,820. Corporate insiders own 6.30% of the company's stock.

Unity Software Stock Performance

U stock traded down $2.48 during mid-day trading on Friday, reaching $21.68. 26,462,925 shares of the stock traded hands, compared to its average volume of 5,930,508. Unity Software Inc. has a one year low of $21.64 and a one year high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $25.61 and a two-hundred day moving average price of $30.17.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to analysts' expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.50) earnings per share. As a group, analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

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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