Vontobel Holding Ltd. Purchases 2,487 Shares of Unity Software Inc. (NYSE:U)

Vontobel Holding Ltd. lifted its holdings in Unity Software Inc. (NYSE:U) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,582 shares of the company’s stock after buying an additional 2,487 shares during the period. Vontobel Holding Ltd.’s holdings in Unity Software were worth $692,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Unity Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after buying an additional 208,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Unity Software by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after purchasing an additional 2,777,884 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Unity Software by 32.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after purchasing an additional 2,787,058 shares during the period. Capital Research Global Investors lifted its stake in Unity Software by 18.7% in the first 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. Finally, Capital International Investors grew its holdings in Unity Software by 426.1% during the first 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 period. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

Shares of NYSE U opened at $21.87 on Tuesday. The firm has a market capitalization of $8.55 billion, a P/E ratio of -9.76 and a beta of 2.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $19.31 and its two-hundred day simple moving average is $19.29. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54.

Unity Software (NYSE:U) last announced its 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 business had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period last year, the firm posted ($0.26) earnings per share. Unity Software’s quarterly revenue was down 15.8% on a year-over-year basis. As a group, equities analysts anticipate that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Unity Software news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Felix The sold 30,000 shares of Unity Software 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 transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,106 shares of company stock valued at $5,739,195. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research note on Friday. Wedbush upped their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Stifel Nicolaus lifted their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Piper Sandler restated a “neutral” rating and set a $17.00 target price (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, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.63.

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.