Unity Software Inc. (NYSE:U) Shares Acquired by Aviva PLC

Aviva PLC raised its holdings in shares of Unity Software Inc. (NYSE:U) by 519.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,503 shares of the company’s stock after acquiring an additional 42,345 shares during the quarter. Aviva PLC’s holdings in Unity Software were worth $5,547,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. GenTrust LLC purchased a new stake in shares of Unity Software in the 2nd quarter valued at about $1,595,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Unity Software by 308.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 139,283 shares of the company’s stock valued at $15,297,000 after purchasing an additional 105,168 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Unity Software by 17.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 819 shares of the company’s stock valued at $89,000 after purchasing an additional 119 shares during the last quarter. Credit Agricole S A lifted its holdings in shares of Unity Software by 199.5% in the 2nd quarter. Credit Agricole S A now owns 563 shares of the company’s stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. Finally, Gratus Capital LLC lifted its holdings in shares of Unity Software by 26.7% in the 2nd quarter. Gratus Capital LLC now owns 54,741 shares of the company’s stock valued at $6,012,000 after purchasing an additional 11,520 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.

In other Unity Software news, SVP Clive Downie sold 33,333 shares of the stock in a transaction on Friday, July 2nd. The stock was sold at an average price of $106.19, for a total transaction of $3,539,631.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Ruth Ann Keene sold 7,000 shares of the stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $134.41, for a total value of $940,870.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,196,982 shares of company stock worth $142,454,482. 19.00% of the stock is owned by insiders.

U has been the topic of several recent analyst reports. Macquarie initiated coverage on Unity Software in a research report on Tuesday, August 31st. They set an “outperform” rating and a $152.00 target price on the stock. The Goldman Sachs Group initiated coverage on Unity Software in a research report on Wednesday, August 11th. They set a “buy” rating and a $135.00 target price on the stock. Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 20th. Morgan Stanley initiated coverage on Unity Software in a research report on Wednesday, June 30th. They set an “equal weight” rating and a $115.00 target price on the stock. Finally, Piper Sandler boosted their target price on Unity Software from $150.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $129.92.

U opened at $134.44 on Friday. The stock has a market cap of $37.98 billion and a P/E ratio of -61.11. The stock’s 50 day simple moving average is $117.05 and its 200 day simple moving average is $105.43. Unity Software Inc. has a 1-year low of $65.11 and a 1-year high of $174.94.

Unity Software (NYSE:U) last announced its earnings results on Tuesday, August 10th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.29. The firm had revenue of $273.56 million for the quarter, compared to analysts’ expectations of $242.75 million. Unity Software had a negative return on equity of 17.16% and a negative net margin of 52.08%. Unity Software’s quarterly revenue was up 48.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, equities analysts expect that Unity Software Inc. will post -1.22 earnings per share for the current fiscal year.

Unity Software 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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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