US Bancorp DE Purchases 7,103 Shares of Unity Software Inc. $U

US Bancorp DE increased its position in Unity Software Inc. (NYSE:U) by 26.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,963 shares of the company’s stock after purchasing an additional 7,103 shares during the period. US Bancorp DE’s holdings in Unity Software were worth $822,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Unity Software by 116.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company’s stock worth $570,000 after acquiring an additional 15,633 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Unity Software in the first quarter valued at approximately $433,000. GAMMA Investing LLC raised its holdings 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 valued at $55,000 after acquiring an additional 1,186 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Unity Software in the first quarter worth $2,215,000. Finally, Amalgamated Bank grew its stake in shares of Unity Software by 3.0% in the first quarter. Amalgamated Bank now owns 18,132 shares of the company’s stock worth $355,000 after acquiring an additional 525 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 2,734 shares of Unity Software stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $37.85, for a total value of $103,481.90. Following the completion of the transaction, the senior vice president directly owned 175,510 shares in the company, valued at approximately $6,643,053.50. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 802 shares of Unity Software stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $36.22, for a total value of $29,048.44. Following the completion of the transaction, the chief accounting officer owned 452,986 shares of the company’s stock, valued at approximately $16,407,152.92. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,236,951 shares of company stock valued at $95,081,659. Insiders own 3.61% of the company’s stock.

Unity Software Price Performance

Shares of Unity Software stock opened at $35.15 on Friday. The business has a 50 day simple moving average of $40.17 and a two-hundred day simple moving average of $30.17. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94. The stock has a market capitalization of $14.85 billion, a P/E ratio of -33.16 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The company had revenue of $440.94 million during the quarter, compared to analyst estimates of $425.18 million. During the same period in the prior year, the business posted ($0.32) EPS. Unity Software’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

U has been the topic of several recent analyst reports. Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on Unity Software from $29.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Arete Research raised Unity Software to a “hold” rating in a research report on Thursday. Finally, Arete lowered Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.16.

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.