Arvin Capital Management LP Takes $9.40 Million Position in Unity Software Inc. $U

Arvin Capital Management LP purchased a new stake in Unity Software Inc. (NYSE:U) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 234,658 shares of the company’s stock, valued at approximately $9,396,000. Unity Software makes up 1.7% of Arvin Capital Management LP’s holdings, making the stock its 21st biggest holding. Arvin Capital Management LP owned about 0.05% of Unity Software as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Unity Software by 2.8% in the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after acquiring an additional 930,293 shares during the last quarter. Slate Path Capital LP raised its holdings in shares of Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after purchasing an additional 4,048,484 shares in the last quarter. Norges Bank acquired a new stake in shares of Unity Software in the 2nd quarter valued at $151,221,000. Geode Capital Management LLC lifted its stake in shares of Unity Software by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock valued at $122,587,000 after purchasing an additional 36,105 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Unity Software by 37.8% in the second quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after purchasing an additional 1,270,798 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 393,312 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $49.64, for a total transaction of $19,524,007.68. Following the completion of the transaction, the director directly owned 5,439,173 shares in the company, valued at $270,000,547.72. This represents a 6.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Barrysmith sold 14,407 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $50.01, for a total transaction of $720,494.07. Following the completion of the sale, the chief accounting officer directly owned 394,479 shares of the company’s stock, valued at approximately $19,727,894.79. This trade represents a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 933,233 shares of company stock valued at $45,387,419 in the last three months. 3.61% of the stock is owned by insiders.

Unity Software Price Performance

Shares of NYSE:U opened at $20.02 on Wednesday. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -20.85, a PEG ratio of 10.12 and a beta of 2.14. The business has a 50 day moving average price of $33.45 and a 200 day moving average price of $38.31. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $52.15.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. During the same period in the previous year, the company earned ($0.30) earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on U shares. Wells Fargo & Company cut their target price on Unity Software from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, January 21st. Citizens Jmp reduced their target price on Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. BTIG Research decreased their target price on Unity Software from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Benchmark reissued a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.