Healthcare of Ontario Pension Plan Trust Fund Takes Position in Unity Software Inc. (NYSE:U)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Unity Software Inc. (NYSE:U) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 43,100 shares of the company’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of U. Tradewinds Capital Management LLC increased its stake in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after buying an additional 996 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. increased its position in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after buying an additional 562 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Unity Software in the first quarter worth $65,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the topic of a number of analyst reports. Benchmark dropped their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 3rd. Stifel Nicolaus lifted their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.21.

Insider Buying and Selling

In other news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 283,906 shares of company stock valued at $5,753,611. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

NYSE U opened at $21.18 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The firm has a market capitalization of $8.41 billion, a P/E ratio of -9.46 and a beta of 2.28. The business’s 50-day simple moving average is $18.01 and its 200-day simple moving average is $19.63.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same period in the previous year, the company posted ($0.26) earnings per share. Unity Software’s revenue was down 15.8% compared to the same quarter last year. Equities analysts predict that Unity Software Inc. will post -1.86 EPS for the current year.

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.