Creative Planning Acquires 18,547 Shares of Unity Software Inc. (NYSE:U)

Creative Planning grew its stake in shares of Unity Software Inc. (NYSE:U) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,742 shares of the company’s stock after acquiring an additional 18,547 shares during the period. Creative Planning’s holdings in Unity Software were worth $3,478,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Unity Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after acquiring an additional 208,566 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Unity Software by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock valued at $302,419,000 after purchasing an additional 2,787,058 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Unity Software by 18.7% in the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after purchasing an additional 1,342,787 shares during the period. Finally, Capital International Investors raised its position in shares of Unity Software by 426.1% in the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock worth $210,193,000 after buying an additional 6,376,034 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Activity at Unity Software

In other Unity Software 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Unity Software news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction that occurred 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 directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 283,106 shares of company stock worth $5,739,195 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Unity Software Trading Down 3.4 %

Shares of U stock opened at $19.72 on Friday. The stock has a market capitalization of $7.71 billion, a PE ratio of -8.88 and a beta of 2.28. Unity Software Inc. has a 1-year low of $13.90 and a 1-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. The business has a 50-day moving average of $19.57 and a 200 day moving average of $19.27.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on U. The Goldman Sachs Group decreased their target price on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. UBS Group boosted their price target on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Stifel Nicolaus raised their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and an average price target of $23.63.

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.