Unity Software Inc. (NYSE:U) Holdings Increased by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lifted its stake in Unity Software Inc. (NYSE:U) by 56.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,595 shares of the company’s stock after acquiring an additional 12,823 shares during the period. Bouvel Investment Partners LLC’s holdings in Unity Software were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Unity Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after acquiring an additional 208,566 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Unity Software by 18.7% in the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after purchasing an additional 1,342,787 shares in the last quarter. Capital International Investors lifted its stake in Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after buying an additional 200,008 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Unity Software by 35.0% in the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after buying an additional 507,274 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Down 0.5 %

Shares of NYSE:U opened at $19.12 on Thursday. The firm has a fifty day moving average of $20.54 and a two-hundred day moving average of $18.86. The company has a quick ratio of 2.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54. The firm has a market capitalization of $7.70 billion, a P/E ratio of -9.37 and a beta of 2.29.

Insider Buying and Selling

In related news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Unity Software news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 281,600 shares of company stock worth $5,714,000. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on U shares. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, September 3rd. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Needham & Company LLC lifted their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.35.

About Unity Software

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.