Ensign Peak Advisors Inc Has $12.24 Million Position in Unity Software Inc. (NYSE:U)

Ensign Peak Advisors Inc reduced its holdings in Unity Software Inc. (NYSE:U) by 45.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,916 shares of the company’s stock after selling 619,300 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.19% of Unity Software worth $12,242,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Unity Software in the fourth quarter worth about $37,000. Janney Montgomery Scott LLC lifted its holdings in Unity Software by 26.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after buying an additional 7,484 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Unity Software by 19.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock valued at $272,000 after buying an additional 1,064 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Unity Software by 13.3% in the 4th quarter. D.A. Davidson & CO. now owns 19,639 shares of the company’s stock valued at $803,000 after buying an additional 2,299 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at $271,000. 73.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David Helgason sold 250,000 shares of Unity Software 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 sale, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction 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 sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 30,000 shares of the stock in a transaction dated 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 owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 283,906 shares of company stock worth $5,753,611. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unity Software Trading Up 2.7 %

NYSE:U opened at $21.38 on Tuesday. The business’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 debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $8.36 billion, a PE ratio of -9.54 and a beta of 2.25.

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 the consensus estimate 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 company had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter in the prior year, the company earned ($0.26) earnings per share. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. Sell-side analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current fiscal 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.