Dimensional Fund Advisors LP Has $127.81 Million Position in Unity Software Inc. $U

Dimensional Fund Advisors LP cut its holdings in Unity Software Inc. (NYSE:U) by 30.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,189,630 shares of the company’s stock after selling 1,398,423 shares during the quarter. Dimensional Fund Advisors LP owned about 0.75% of Unity Software worth $127,809,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after buying an additional 45,481 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Unity Software during the first quarter worth $260,000. Envestnet Asset Management Inc. bought a new stake in Unity Software in the 2nd quarter valued at $238,000. Bank of New York Mellon Corp lifted its position in Unity Software by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,275,663 shares of the company’s stock valued at $30,871,000 after acquiring an additional 20,142 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Unity Software in the 2nd quarter worth $28,000. 73.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Freedom Capital upgraded Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Arete Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Monday, December 1st. Wedbush decreased their price objective on Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Morgan Stanley boosted their target price on Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group upped their price target on Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

Unity Software Stock Performance

U opened at $20.00 on Thursday. The business’s 50-day simple moving average is $30.50 and its 200 day simple moving average is $37.60. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $8.66 billion, a PE ratio of -20.83, a PEG ratio of 11.09 and a beta of 2.14.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating 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 firm had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same period last year, the company earned ($0.30) earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Mark Barrysmith sold 10,578 shares of Unity Software stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total value of $191,144.46. Following the completion of the transaction, the chief accounting officer owned 383,901 shares of the company’s stock, valued at $6,937,091.07. This trade represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 50,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the transaction, the director owned 873,146 shares in the company, valued at $41,037,862. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,684 shares of company stock valued at $3,123,350 in the last ninety days. Corporate insiders own 3.61% of the company’s stock.

About Unity Software

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.