28,084 Shares in Unity Software Inc. $U Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in Unity Software Inc. (NYSE:U) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,084 shares of the company’s stock, valued at approximately $803,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of Unity Software during the 2nd quarter worth approximately $85,000. Ieq Capital LLC acquired a new stake in Unity Software during the 2nd quarter valued at $14,795,000. Callan Family Office LLC acquired a new stake in Unity Software during the 2nd quarter valued at $202,000. Allworth Financial LP bought a new position in Unity Software during the second quarter worth $364,000. Finally, Silvant Capital Management LLC bought a new position in Unity Software during the second quarter worth $2,704,000. 73.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Wedbush lifted their target price on shares of Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. UBS Group reiterated an “outperform” rating on shares of Unity Software in a research note on Friday, August 7th. Benchmark raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, August 7th. Finally, Citigroup raised their price objective on shares of Unity Software from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.16.

Insider Activity

In other Unity Software news, SVP Rebecca Berenice Boyden sold 952 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $652,890.78. Following the completion of the transaction, the chief financial officer directly owned 704,360 shares of the company’s stock, valued at $19,144,504.80. This trade represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 198,321 shares of company stock valued at $5,390,783. Corporate insiders own 0.77% of the company’s stock.

Unity Software Price Performance

U stock opened at $46.90 on Monday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The firm has a market cap of $20.64 billion, a P/E ratio of -34.49, a P/E/G ratio of 2.06 and a beta of 2.04. The company’s 50-day moving average price is $33.48 and its two-hundred day moving average price is $27.06.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm had revenue of $546.47 million during the quarter, compared to analysts’ expectations of $514.72 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. On average, analysts anticipate that Unity Software Inc. will post 0.55 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.