WINTON GROUP Ltd Makes New $11.92 Million Investment in Unity Software Inc. $U

WINTON GROUP Ltd acquired a new stake in Unity Software Inc. (NYSE:U) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 297,659 shares of the company’s stock, valued at approximately $11,918,000. WINTON GROUP Ltd owned approximately 0.07% of Unity Software at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Unity Software by 2.8% in the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after buying an additional 930,293 shares during the last quarter. Slate Path Capital LP boosted its position in shares of Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after acquiring an additional 4,048,484 shares in the last quarter. Norges Bank purchased a new position in shares of Unity Software in the 2nd quarter valued at about $151,221,000. Geode Capital Management LLC increased its holdings in shares of Unity Software by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock valued at $122,587,000 after acquiring an additional 36,105 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Unity Software by 37.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after acquiring an additional 1,270,798 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Down 4.3%

NYSE:U opened at $19.83 on Monday. The company has a market capitalization of $8.59 billion, a PE ratio of -20.66, a P/E/G ratio of 10.65 and a beta of 2.14. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The stock’s 50 day moving average price is $31.94 and its 200 day moving average price is $37.96. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on U shares. Arete Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, December 1st. The Goldman Sachs Group cut their price objective on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Oppenheimer upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Tuesday, February 10th. Morgan Stanley upped their target price on shares of Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Piper Sandler raised shares of Unity Software from a “neutral” rating to an “overweight” rating and increased their target price for the company from $43.00 to $59.00 in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average price target of $39.73.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 50,000 shares of Unity Software stock in a transaction on Friday, December 12th. The shares were sold at an average price of $47.00, for a total value of $2,350,000.00. Following the transaction, the director directly owned 873,146 shares in the company, valued at approximately $41,037,862. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 10,578 shares of the company’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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 939,438 shares of company stock worth $45,517,910 over the last 90 days. Company insiders own 3.61% 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.