BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 22,263 Shares of Unity Software Inc. (NYSE:U)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Unity Software Inc. (NYSE:U) by 75.5% in the 2nd quarter, Holdings Channel reports. The firm owned 51,765 shares of the company’s stock after buying an additional 22,263 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Unity Software were worth $842,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Unity Software by 19.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock worth $272,000 after buying an additional 1,064 shares during the last quarter. Hsbc Holdings PLC raised its stake in Unity Software by 53.5% during the fourth quarter. Hsbc Holdings PLC now owns 110,194 shares of the company’s stock worth $4,493,000 after acquiring an additional 38,411 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Unity Software by 31.0% in the fourth quarter. TD Asset Management Inc now owns 39,628 shares of the company’s stock worth $1,620,000 after acquiring an additional 9,370 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Unity Software by 2.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 129,150 shares of the company’s stock valued at $5,281,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Unity Software during the 4th quarter valued at approximately $21,023,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 283,906 shares of company stock worth $5,753,611. 6.30% of the stock is owned by corporate insiders.

Unity Software Trading Up 1.1 %

U opened at $22.59 on Monday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a fifty day moving average of $17.40 and a 200-day moving average of $19.85. The stock has a market cap of $8.83 billion, a PE ratio of -10.08 and a beta of 2.25. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The firm had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The business’s revenue was down 15.8% compared to the same quarter last year. During the same period last year, the business posted ($0.26) EPS. On average, sell-side analysts predict that Unity Software Inc. will post -1.86 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on U shares. Macquarie raised their target price on shares of Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a research report on Tuesday, September 17th. Benchmark lowered their target price on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Needham & Company LLC cut their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Wedbush upped their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $24.21.

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.