State of New Jersey Common Pension Fund D Has $2.53 Million Holdings in Unity Software Inc. $U

State of New Jersey Common Pension Fund D raised its position in Unity Software Inc. (NYSE:U) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,718 shares of the company’s stock after buying an additional 3,860 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Unity Software were worth $2,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in U. Cornerstone Planning Group LLC boosted its position in Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 1,212 shares in the last quarter. CX Institutional acquired a new position in Unity Software in the second quarter valued at about $25,000. Banque Transatlantique SA acquired a new position in Unity Software in the first quarter valued at about $28,000. GAMMA Investing LLC boosted its position in Unity Software by 72.5% in the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $55,000 after buying an additional 1,186 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Unity Software by 26.3% in the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock valued at $72,000 after buying an additional 762 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 1,350,000 shares of Unity Software stock in a transaction on Monday, September 8th. The shares were sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the completion of the sale, the director owned 6,139,173 shares of the company’s stock, valued at approximately $272,763,456.39. The trade was a 18.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Alexander Blum sold 63,813 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $39.41, for a total transaction of $2,514,870.33. Following the sale, the chief operating officer owned 603,811 shares of the company’s stock, valued at $23,796,191.51. The trade was a 9.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,236,951 shares of company stock valued at $95,081,659. 3.61% of the stock is currently owned by company insiders.

Unity Software Stock Performance

Shares of NYSE:U opened at $36.91 on Wednesday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $46.94. The stock has a market capitalization of $15.60 billion, a P/E ratio of -34.82 and a beta of 2.32. The business has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $31.16.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same period last year, the business posted ($0.32) EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

U has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company boosted their target price on shares of Unity Software from $29.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group assumed coverage on shares of Unity Software in a research report on Wednesday, October 15th. They set a “neutral” rating and a $38.00 target price on the stock. Wedbush increased their price target on shares of Unity Software from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Arete lowered shares of Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.10.

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.