Dimensional Fund Advisors LP Increases Position in Unity Software Inc. (NYSE:U)

Dimensional Fund Advisors LP lifted its holdings in Unity Software Inc. (NYSE:U) by 9.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,324,694 shares of the company’s stock after purchasing an additional 200,008 shares during the period. Dimensional Fund Advisors LP owned approximately 0.59% of Unity Software worth $37,806,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. grew its position in shares of Unity Software by 0.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock worth $4,750,000 after acquiring an additional 440 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after purchasing an additional 562 shares in the last quarter. Bouvel Investment Partners LLC grew its holdings in Unity Software by 2.7% during the 1st quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after buying an additional 597 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Unity Software by 8.3% in the first quarter. Arkadios Wealth Advisors now owns 12,043 shares of the company’s stock valued at $322,000 after buying an additional 924 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Performance

Shares of U opened at $22.61 on Tuesday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market capitalization of $8.97 billion, a PE ratio of -10.09 and a beta of 2.25. The company’s 50 day moving average price is $17.52 and its 200 day moving average price is $19.82.

Unity Software (NYSE:U) last issued its quarterly earnings data 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 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 business earned ($0.26) EPS. The firm’s revenue was down 15.8% compared to the same quarter last year. Research analysts expect that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Insider Activity at Unity Software

In related news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated 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 owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction dated Monday, July 29th. The shares were 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 of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,906 shares of company stock worth $5,753,611. 6.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on U shares. Piper Sandler restated a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Benchmark decreased their target price 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. Stifel Nicolaus raised their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Tuesday, September 3rd. Finally, Needham & Company LLC dropped their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.21.

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.