Unity Software Inc. $U Stake Boosted by CenterBook Partners LP

CenterBook Partners LP increased its holdings in Unity Software Inc. (NYSE:U) by 558.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,708 shares of the company’s stock after buying an additional 125,282 shares during the quarter. CenterBook Partners LP’s holdings in Unity Software were worth $6,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in Unity Software in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in Unity Software in the 4th quarter worth approximately $30,000. Larson Financial Group LLC grew its holdings in Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. International Assets Investment Management LLC bought a new position in Unity Software in the 4th quarter worth approximately $36,000. Finally, IFP Advisors Inc bought a new position in Unity Software in the 3rd quarter worth approximately $33,000. 73.46% of the stock is owned by institutional investors.

Insider Transactions at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the completion of the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the sale, the senior vice president owned 309,445 shares of the company’s stock, valued at $8,416,904. This trade represents a 0.31% 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. Insiders sold a total of 198,321 shares of company stock valued at $5,390,783 over the last three months. 0.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Citizens Jmp reissued a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a report on Friday, March 27th. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Tuesday, February 10th. Barclays increased their price objective on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, BTIG Research increased their price objective on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

Unity Software Stock Performance

U opened at $29.15 on Monday. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of -18.56, a price-to-earnings-growth ratio of 3.73 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The business has a 50 day moving average price of $25.59 and a two-hundred day moving average price of $31.07.

Unity Software Company 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.