Ensign Peak Advisors Inc Decreases Position in Unity Software Inc. (NYSE:U)

Ensign Peak Advisors Inc lessened its holdings in Unity Software Inc. (NYSE:U) by 88.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,947 shares of the company’s stock after selling 658,819 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Unity Software were worth $1,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in U. Anderson Financial Strategies LLC purchased a new position in Unity Software in the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. boosted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the period. Whipplewood Advisors LLC purchased a new position in Unity Software in the 4th quarter valued at approximately $40,000. Finally, Itau Unibanco Holding S.A. boosted its position in Unity Software by 150.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock valued at $40,000 after buying an additional 1,068 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity at Unity Software

In other Unity Software news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the transaction, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the transaction, the senior vice president now owns 542,942 shares in the company, valued at approximately $13,698,426.66. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 782,231 shares of company stock valued at $18,033,528 over the last ninety days. Insiders own 6.30% of the company’s stock.

Unity Software Price Performance

Shares of U opened at $21.27 on Friday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The stock has a market cap of $8.84 billion, a PE ratio of -12.66 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a fifty day moving average price of $20.48 and a 200 day moving average price of $22.02.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.77 million. During the same period in the previous year, the company earned $0.28 earnings per share. Unity Software’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on U shares. Barclays decreased their price target on shares of Unity Software from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Macquarie assumed coverage on shares of Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target for the company. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.21.

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.