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Several other institutional investors and hedge funds have also made changes to their positions in U. PNC Financial Services Group Inc. increased its position in Unity Software shares by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company worth $431,000 after acquiring an additional 350 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Unity Software stock during the first quarter for approximately $967,000. Dimensional Fund Advisors LP increased its position in Unity Software shares by 91.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company worth $690,000 after acquiring an additional 3,313 shares in the last quarter. Sei Investments Co. boosted its position in Unity Software shares by 38.4% during the first quarter. Sei Investments Co. now owns 205,371 shares of the company worth $20,396,000 after acquiring an additional 56,958 shares in the last quarter. Finally, the Canada Pension Plan Investment Board increased its position in Unity Software shares by 684.9% in the first quarter. The Canada Pension Plan Investment Board now owns 5,000 shares of the company valued at $496,000 after purchasing an additional 4,363 shares during the period. 82.50% of the shares are owned by institutional investors and hedge funds.
Buying and selling insider information
In related news, SVP Marc Whitten sold 11,853 shares of the company’s capital stock in a transaction that occurred on Monday, November 28. The share sold at an average price of $35.69, for a total value of $423,033.57. Following the sale, the senior vice president now owns 680,838 shares of the company, valued at approximately $24,299,108.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Unity Software news, Senior Vice President Ingrid Lestiyo sold 22,524 shares in a transaction on Friday, November 25. The shares sold at an average price of $35.69, for a total transaction of $803,881.56. Following the sale, the senior vice president now owns 133,169 shares of the company, valued at approximately $4,752,801.61. The sale was disclosed in a legal filing with the SEC, which is available via this link. Additionally, SVP Marc Whitten sold 11,853 shares in a transaction on Monday, November 28. The shares sold at an average price of $35.69, for a total value of $423,033.57. Following the sale, the senior vice president now owns 680,838 shares of the company, valued at approximately $24,299,108.22. The disclosure of this sale can be found here. Insiders have sold a total of 68,330 company shares worth $2,431,296 in the last quarter. The members of the company own 6.90% of the shares of the company.
Unity Software Stock Performance
U shares opened at $30.68 on Thursday. The company has a market capitalization of $9.23 billion, a price-earnings ratio of -12.07, and a beta of 2.05. The stock has a 50-day simple moving average of $31.73 and a 200-day simple moving average of $35.69. Unity Software Inc. has a 12 month minimum of $21.22 and a 12 month maximum of $119.74. The company has a current ratio of 3.41, a quick ratio of 3.41, and a debt-to-equity ratio of 0.77.
Unity Software (NYSE:U – Get Rating) last issued its earnings results on Wednesday, November 9. The company reported earnings per share (EPS) ($0.67) for the quarter, missing analyst consensus estimates of ($0.50) by ($0.17). The business had revenue of $322.88 million in the quarter, compared with analyst expectations of $323.33 million. Unity Software had a negative return on equity of 26.00% and a negative net margin of 63.17%. On average, stock analysts forecast Unity Software Inc. to post -1.69 EPS for the current year.
Analyst promotions and demotions
Several analysts recently issued reports on the company. Bank of America assumed coverage of Unity Software in a research report on Friday, September 30. They issued a “neutral” rating and a $40.00 price target for the company. Barclays lowered its price target on Unity Software from $33.00 to $22.00 in a research report on Thursday, November 10. Morgan Stanley assumed coverage of Unity Software in a research report on Monday, November 28. They issued an “equally weighted” rating and a $27.50 price target for the company. Piper Sandler lowered Unity Software’s price target from $38.00 to $33.00 and set an “overweight” rating for the company in a Thursday, November 10, research report. Finally, Needham & Company LLC began coverage of Unity Software in a research note on Friday, October 7. They set a “Buy” rating and a $50.00 price target on the company. Two equity research analysts gave the stock a sell rating, eight assigned a hold rating and seven assigned a buy rating to the stock. According to MarketBeat.com, the company has a “Hold” consensus rating and an average price target of $39.38.
About drive software
(Get rating)
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize real-time interactive 2D and 3D content for mobile phones, tablets, PCs, consoles, and virtual and augmented 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 distributors and resellers. independents around the world.
See also
Want to see what other hedge funds have U? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Unity Software Inc. (NYSE:U – Get Rated).
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