Unity Software Inc. (NYSE:U) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Unity Software Inc. (NYSE:U) by 4,787.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,683 shares of the company’s stock after acquiring an additional 49,646 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Unity Software were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors raised its stake in shares of 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. Capital Research Global Investors lifted its holdings in Unity Software by 510.2% in the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after buying an additional 6,004,655 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position in 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 valued at $302,419,000 after buying an additional 2,787,058 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Unity Software by 30.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after acquiring an additional 2,777,884 shares in the last quarter. Finally, Contour Asset Management LLC increased its position in shares of Unity Software by 77.8% during the fourth quarter. Contour Asset Management LLC now owns 4,091,289 shares of the company’s stock worth $167,293,000 after acquiring an additional 1,790,326 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The shares were 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 in the company, valued at $168,876,112.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value 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. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 283,906 shares of company stock valued at $5,753,611. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Benchmark dropped their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, August 9th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Wedbush increased their price objective 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. The Goldman Sachs Group decreased their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.46.

Unity Software Stock Up 2.7 %

U stock opened at $21.38 on Tuesday. The stock has a market cap of $8.36 billion, a PE ratio of -9.54 and a beta of 2.25. The firm’s 50-day simple moving average is $16.87 and its 200 day simple moving average is $20.00. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released 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 return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. As a group, sell-side analysts predict that Unity Software Inc. will post -1.86 EPS for the current year.

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.