Dimensional Fund Advisors LP Purchases 1,465,962 Shares of Unity Software Inc. $U

Dimensional Fund Advisors LP boosted its holdings in shares of Unity Software Inc. (NYSE:U) by 52.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,245,014 shares of the company’s stock after buying an additional 1,465,962 shares during the period. Dimensional Fund Advisors LP’s holdings in Unity Software were worth $93,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of U. Massachusetts Financial Services Co. MA increased its stake in Unity Software by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock valued at $128,350,000 after acquiring an additional 252,648 shares during the period. FengHe Fund Management Pte. Ltd. lifted its stake in Unity Software by 287.0% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after purchasing an additional 1,284,400 shares during the period. KBC Group NV boosted its holdings in Unity Software by 511.9% during the fourth quarter. KBC Group NV now owns 51,960 shares of the company’s stock valued at $2,295,000 after purchasing an additional 43,468 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Unity Software by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after purchasing an additional 996,685 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Unity Software in the 4th quarter valued at approximately $3,710,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 0.7%

Shares of NYSE:U opened at $32.07 on Thursday. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The firm has a market cap of $14.00 billion, a P/E ratio of -20.42, a P/E/G ratio of 3.77 and a beta of 2.05. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $28.91 and its two-hundred day moving average price is $26.95.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on U shares. Barclays raised their target price on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup lowered their price target on Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Piper Sandler began coverage on Unity Software in a report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price objective for the company. Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, UBS Group upped their target price on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $37.99.

Insider Transactions at Unity Software

In other news, COO Alexander Blum sold 19,009 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $516,664.62. Following the transaction, the chief operating officer owned 730,069 shares of the company’s stock, valued at approximately $19,843,275.42. This trade represents a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $652,890.78. Following the completion of the transaction, the chief financial officer owned 704,360 shares in the company, valued at $19,144,504.80. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 198,321 shares of company stock worth $5,390,783. Corporate insiders own 0.77% of the company’s stock.

About Unity Software

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.