Temasek Holdings Private Ltd Makes New Investment in Unity Software Inc. $U

Temasek Holdings Private Ltd purchased a new stake in shares of Unity Software Inc. (NYSE:U) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 208,333 shares of the company’s stock, valued at approximately $5,042,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Unity Software during the second quarter valued at $151,221,000. Atreides Management LP grew its position in Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after buying an additional 5,607,572 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Unity Software during the 1st quarter valued at about $43,265,000. Vanguard Group Inc. lifted its stake in shares of Unity Software by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock worth $645,775,000 after acquiring an additional 1,841,486 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Unity Software by 89.7% during the first quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company’s stock valued at $65,778,000 after acquiring an additional 1,587,582 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jarrod Yahes sold 27,742 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $42.79, for a total transaction of $1,187,080.18. Following the transaction, the chief financial officer owned 546,129 shares in the company, valued at approximately $23,368,859.91. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Barrysmith sold 13,684 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $566,243.92. Following the transaction, the chief accounting officer directly owned 408,886 shares in the company, valued at $16,919,702.68. The trade was a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,156,658 shares of company stock worth $47,498,475 in the last quarter. Corporate insiders own 3.61% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $45.79 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of -43.61 and a beta of 2.04. The company has a 50 day simple moving average of $38.99 and a 200-day simple moving average of $35.06. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.94.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The company had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. During the same quarter last year, the business posted ($0.31) EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BTIG Research raised Unity Software from a “sell” rating to a “neutral” rating in a research note on Friday, October 31st. Wedbush upped their target price on Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $51.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.05.

Unity Software Company 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.