Unity Software Inc. $U Shares Bought by Capital Wealth Planning LLC

Capital Wealth Planning LLC grew its stake in shares of Unity Software Inc. (NYSE:U) by 150.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,087 shares of the company’s stock after acquiring an additional 74,018 shares during the period. Capital Wealth Planning LLC’s holdings in Unity Software were worth $5,437,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Unity Software by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after acquiring an additional 996,685 shares in the last quarter. Wellington Management Group LLP grew its holdings in Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after acquiring an additional 6,734,285 shares in the last quarter. Geode Capital Management LLC grew its holdings in Unity Software by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after acquiring an additional 328,595 shares in the last quarter. Norges Bank bought a new position in shares of Unity Software in the 4th quarter worth about $230,285,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Unity Software by 37.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after buying an additional 1,270,798 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on U shares. BTIG Research raised their price target on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company raised their price target on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Piper Sandler started coverage on shares of Unity Software in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 price target on the stock. Bank of America raised their price target on shares of Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Transactions at Unity Software

In related news, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the sale, the chief executive officer directly owned 1,557,514 shares in the company, valued at $42,333,230.52. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 2,099 shares of Unity Software stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.37, for a total transaction of $57,449.63. Following the completion of the sale, the chief operating officer owned 727,970 shares in the company, valued at approximately $19,924,538.90. This represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $5,390,783 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Unity Software Trading Down 6.3%

Shares of NYSE:U opened at $26.65 on Thursday. The company has a market cap of $11.63 billion, a PE ratio of -16.97, a P/E/G ratio of 3.64 and a beta of 2.06. The company’s 50-day moving average price is $26.13 and its 200 day moving average price is $30.86. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

About Unity Software

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.