Pinkerton Wealth LLC Acquires Shares of 25,124 Unity Software Inc. $U

Pinkerton Wealth LLC bought a new position in Unity Software Inc. (NYSE:U) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,124 shares of the company’s stock, valued at approximately $1,006,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in Unity Software by 873.8% during the third quarter. Banque Cantonale Vaudoise now owns 3,087 shares of the company’s stock valued at $124,000 after acquiring an additional 2,770 shares in the last quarter. Swiss National Bank lifted its holdings in Unity Software by 3.0% in the third quarter. Swiss National Bank now owns 604,600 shares of the company’s stock valued at $24,208,000 after acquiring an additional 17,600 shares during the period. WINTON GROUP Ltd purchased a new stake in Unity Software in the 3rd quarter worth approximately $11,918,000. Schroder Investment Management Group acquired a new stake in shares of Unity Software during the 3rd quarter worth approximately $339,000. Finally, Jefferies Financial Group Inc. grew its stake in shares of Unity Software by 155.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 21,700 shares of the company’s stock worth $869,000 after purchasing an additional 13,210 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on U. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Unity Software in a research note on Wednesday, February 11th. BTIG Research dropped their price target on shares of Unity Software from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Freedom Capital raised shares of Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Wedbush decreased their price objective on shares of Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Finally, Arete Research raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and an average price target of $39.73.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 10,578 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer owned 383,901 shares of the company’s stock, valued at $6,937,091.07. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tomer Bar-Zeev sold 50,000 shares of the company’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 of the company’s stock, valued at approximately $41,037,862. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 939,438 shares of company stock valued at $45,517,910. 3.61% of the stock is owned by company insiders.

Unity Software Trading Up 7.6%

Shares of U stock opened at $21.35 on Tuesday. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $52.15. The company has a market cap of $9.25 billion, a price-to-earnings ratio of -22.24, a PEG ratio of 10.65 and a beta of 2.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $31.47 and a 200-day simple moving average of $37.85.

Unity Software (NYSE:U) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $503.09 million for the quarter, compared to analysts’ expectations of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.30) EPS. On average, equities research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.