Vanguard Personalized Indexing Management LLC Buys 1,638 Shares of Unity Software Inc. (NYSE:U)

Vanguard Personalized Indexing Management LLC lifted its stake in Unity Software Inc. (NYSE:U) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,281 shares of the company’s stock after acquiring an additional 1,638 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Unity Software were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new stake in Unity Software in the second quarter worth about $227,000. Primecap Management Co. CA grew its stake in shares of Unity Software by 13.8% during the 2nd quarter. Primecap Management Co. CA now owns 758,453 shares of the company’s stock valued at $12,332,000 after acquiring an additional 91,726 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in Unity Software in the 2nd quarter worth approximately $163,000. Dimensional Fund Advisors LP raised its stake in Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after acquiring an additional 200,008 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Unity Software during the second quarter valued at approximately $393,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares in the company, valued at $6,851,604.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. Insiders have sold a total of 283,906 shares of company stock worth $5,753,611 in the last ninety days. 6.30% of the stock is owned by insiders.

Analyst Ratings Changes

U has been the subject of a number of recent analyst reports. Benchmark dropped their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, August 9th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Macquarie lifted their price objective 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. Wedbush upped their target price on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus target price of $24.21.

Unity Software Price Performance

Shares of U stock opened at $22.59 on Monday. The company has a market capitalization of $8.83 billion, a P/E ratio of -10.08 and a beta of 2.25. The company’s 50-day simple moving average is $17.40 and its two-hundred day simple moving average is $19.85. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the company posted ($0.26) earnings per share. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. As a group, equities analysts anticipate that Unity Software Inc. will post -1.86 EPS for the current year.

Unity Software 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.