Landscape Capital Management L.L.C. Takes $803,000 Position in Unity Software Inc. $U

Landscape Capital Management L.L.C. acquired a new stake in Unity Software Inc. (NYSE:U) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 28,084 shares of the company’s stock, valued at approximately $803,000.

Other large investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Unity Software by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after buying an additional 45,481 shares during the period. Focus Partners Wealth acquired a new position in Unity Software in the 1st quarter valued at approximately $260,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 28.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock valued at $134,000 after acquiring an additional 1,241 shares during the period. California Public Employees Retirement System raised its stake in shares of Unity Software by 11.3% during the second quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock valued at $12,603,000 after acquiring an additional 53,015 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Unity Software by 1,135.6% during the second quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock valued at $5,438,000 after acquiring an additional 206,529 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $46.90 on Monday. The firm has a 50 day moving average of $33.48 and a 200-day moving average of $27.06. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -34.49, a price-to-earnings-growth ratio of 2.06 and a beta of 2.04. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.39. The company had revenue of $546.47 million for the quarter, compared to the consensus estimate of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. Unity Software’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS. On average, equities analysts forecast that Unity Software Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at Unity Software

In other news, COO Alexander Blum sold 2,099 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.37, for a total transaction of $57,449.63. Following the transaction, the chief operating officer owned 727,970 shares in the company, valued at approximately $19,924,538.90. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. This trade represents a 0.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Oppenheimer raised their target price on Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup lifted their target price on Unity Software from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wedbush upped their price target on Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company increased their price target on Unity Software from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.16.

Unity Software 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.