Planning Capital Management Corp Purchases Shares of 1,519 Unity Software Inc. (NYSE:U)

Planning Capital Management Corp bought a new position in shares of Unity Software Inc. (NYSE:U) in the 3rd quarter, Holdings Channel reports. The fund bought 1,519 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also modified their holdings of U. Vanguard Group Inc. raised its position in shares of Unity Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after buying an additional 208,566 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Unity Software by 18.7% in the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after purchasing an additional 1,342,787 shares during the last quarter. Capital International Investors boosted its stake in shares of Unity Software by 426.1% in the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Unity Software by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after acquiring an additional 200,008 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after acquiring an additional 507,274 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on U. Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Piper Sandler reissued a “neutral” rating and issued a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Benchmark lifted their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Stifel Nicolaus increased their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Needham & Company LLC raised their target price on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Price Performance

NYSE:U opened at $18.84 on Friday. The company has a fifty day moving average of $20.61 and a 200 day moving average of $18.86. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The company has a current ratio of 2.41, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 281,600 shares of company stock valued at $5,714,000. 6.30% of the stock is currently owned by company insiders.

Unity Software 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.