Public Employees Retirement System of Ohio Has $2.41 Million Stake in Unity Software Inc. $U

Public Employees Retirement System of Ohio lifted its stake in shares of Unity Software Inc. (NYSE:U) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,371 shares of the company’s stock after purchasing an additional 4,491 shares during the period. Public Employees Retirement System of Ohio’s holdings in Unity Software were worth $2,405,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CX Institutional acquired a new position in shares of Unity Software during the second quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its position in shares of Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 1,212 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Unity Software during the first quarter worth approximately $28,000. GAMMA Investing LLC lifted its position in shares of Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $55,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock worth $72,000 after purchasing an additional 762 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 645 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $46.52, for a total transaction of $30,005.40. Following the completion of the sale, the chief accounting officer owned 453,788 shares of the company’s stock, valued at $21,110,217.76. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Anirma Gupta sold 2,296 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $43.99, for a total transaction of $101,001.04. Following the sale, the senior vice president directly owned 628,453 shares of the company’s stock, valued at $27,645,647.47. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,334,426 shares of company stock valued at $98,130,784 over the last three months. Insiders own 3.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on U. HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and boosted their price target for the stock from $37.50 to $40.80 in a research note on Tuesday. UBS Group boosted their price target on shares of Unity Software from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. BTIG Research downgraded shares of Unity Software from a “neutral” rating to a “sell” rating and set a $25.00 price target for the company. in a research note on Wednesday, July 23rd. Finally, JMP Securities boosted their price target on shares of Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.05.

Unity Software Stock Up 2.2%

Shares of NYSE:U opened at $39.15 on Friday. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $46.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market capitalization of $16.54 billion, a PE ratio of -36.93 and a beta of 2.32. The company has a 50 day moving average price of $39.35 and a two-hundred day moving average price of $28.93.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the company earned ($0.32) EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Unity Software Company 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.