Primecap Management Co. CA Has $12.61 Million Holdings in Unity Software Inc. $U

Primecap Management Co. CA lessened its holdings in Unity Software Inc. (NYSE:U) by 39.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,014 shares of the company’s stock after selling 201,800 shares during the quarter. Primecap Management Co. CA’s holdings in Unity Software were worth $12,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Unity Software in the third quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new stake in Unity Software during the second quarter valued at approximately $28,000. Salem Investment Counselors Inc. bought a new stake in shares of Unity Software in the 3rd quarter valued at approximately $40,000. Allworth Financial LP grew its stake in shares of Unity Software by 28.4% in the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after purchasing an additional 412 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Unity Software by 81.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,187 shares of the company’s stock worth $48,000 after buying an additional 533 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Trending Headlines about Unity Software

Here are the key news stories impacting Unity Software this week:

• Neutral Sentiment: Heightened investor attention reported by Zacks/Yahoo — more searches and coverage may increase volatility and trading volume in the short term. Investors Heavily Search Unity Software Inc. (U)
• Neutral Sentiment: Recent fundamentals: Unity reported a revenue and EPS beat in its Feb. 11 quarter and year‑over‑year revenue growth — positive operational context that may limit the durability of any sell‑off (background reporting).
• Negative Sentiment: COO Alexander Blum sold 2,541 shares on Feb. 27 at ~$18.76 (≈$47.7k), trimming his position by ~0.46%; SEC filing here. SEC Filing
• Negative Sentiment: COO Alexander Blum also sold 10,164 shares on Feb. 25 at ~$18.07 (~$183.7k), a ~1.81% cut to his holdings; same SEC filing as above. SEC Filing
• Negative Sentiment: CAO Mark Barrysmith sold 10,578 shares on Feb. 25 at ~$18.07 (~$191.1k), reducing his stake by ~2.68%; SEC filing here. SEC Filing
• Negative Sentiment: CFO Jarrod Yahes sold 12,196 shares on Feb. 25 at ~$18.07 (~$220.4k), cutting his holding by ~2.23%; SEC filing here. SEC Filing

Analysts Set New Price Targets

U has been the topic of several recent analyst reports. Citizens Jmp decreased their price target on Unity Software from $50.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. Benchmark reissued a “hold” rating on shares of Unity Software in a report on Monday, February 2nd. Wells Fargo & Company lowered their target price on shares of Unity Software from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Morgan Stanley lifted their price target 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, Jefferies Financial Group boosted their price target on shares of Unity Software from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.52.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 393,312 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $49.64, for a total value of $19,524,007.68. Following the completion of the sale, the director owned 5,439,173 shares of the company’s stock, valued at $270,000,547.72. This trade represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Alexander Blum sold 2,541 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $18.76, for a total value of $47,669.16. Following the transaction, the chief operating officer directly owned 548,425 shares in the company, valued at approximately $10,288,453. This represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,183,233 shares of company stock valued at $55,869,919 over the last three months. Insiders own 3.61% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $18.14 on Friday. The stock has a 50-day simple moving average of $34.50 and a 200 day simple moving average of $38.57. 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 Inc. has a 12-month low of $15.33 and a 12-month high of $52.15. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of -18.89, a P/E/G ratio of 10.50 and a beta of 2.04.

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