Unity Software Inc. (NYSE:U) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in Unity Software Inc. (NYSE:U) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 316,933 shares of the company’s stock after buying an additional 2,081 shares during the period. Rhumbline Advisers’ holdings in Unity Software were worth $6,209,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of U. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock worth $44,005,000 after purchasing an additional 72,384 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Unity Software during the 4th quarter worth approximately $510,000. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 2.1% during 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 during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 10.0% during the 4th quarter. CIBC Asset Management Inc now owns 376,794 shares of the company’s stock worth $8,467,000 after purchasing an additional 34,322 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Unity Software during the 4th quarter worth approximately $1,151,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on U shares. Wedbush cut Unity Software from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, May 7th. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a report on Friday, February 21st. UBS Group decreased their price objective on Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price objective on Unity Software from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.14.

Insider Transactions at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the completion of the transaction, the director now owns 2,398,146 shares in the company, valued at approximately $63,287,072.94. The trade was a 9.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $6,719,856.10. Following the transaction, the director now owns 7,489,173 shares of the company’s stock, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,296,538 shares of company stock valued at $30,546,097. 3.61% of the stock is currently owned by company insiders.

Unity Software Stock Down 2.5%

Shares of NYSE U opened at $24.22 on Thursday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of -14.41 and a beta of 2.34. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The business’s 50 day moving average is $21.55 and its two-hundred day moving average is $22.44.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. Research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Unity Software Company 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.