Macquarie Group Ltd. Has $2.72 Million Stake in Unity Software Inc. (NYSE:U)

Posted by on Mar 10th, 2023

Macquarie Group Ltd. raised its stake in shares of Unity Software Inc. (NYSE:U – Get Rating) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 85,317 shares of the company’s stock after purchasing an additional 3,499 shares during the period. Macquarie Group Ltd.’s holdings in Unity Software were worth $2,718,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its stake in shares of Unity Software by 8.9% in the 3rd quarter. Gabelli Funds LLC now owns 9,800 shares of the company’s stock worth $312,000 after buying an additional 800 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $2,033,000. Tudor Investment Corp Et Al boosted its stake in shares of Unity Software by 129.6% in the 3rd quarter. Tudor Investment Corp Et Al now owns 367,402 shares of the company’s stock worth $11,705,000 after buying an additional 207,402 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $3,575,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Unity Software by 273.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 101,156 shares of the company’s stock worth $3,223,000 after buying an additional 74,058 shares during the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.

Insider Transactions at Unity Software

In other news, CFO Luis Felipe Visoso sold 6,523 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $30.30, for a total value of $197,646.90. Following the transaction, the chief financial officer now owns 732,215 shares of the company’s stock, valued at $22,186,114.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CMO Carol W. Carpenter sold 797 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $32.03, for a total value of $25,527.91. Following the transaction, the chief marketing officer now owns 432,976 shares of the company’s stock, valued at $13,868,221.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Luis Felipe Visoso sold 6,523 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $30.30, for a total transaction of $197,646.90. Following the completion of the transaction, the chief financial officer now owns 732,215 shares of the company’s stock, valued at $22,186,114.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,422 shares of company stock valued at $1,346,973. 6.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group downgraded Unity Software from a “hold” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research note on Thursday, January 12th. Oppenheimer downgraded Unity Software from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 23rd. Benchmark dropped their price objective on Unity Software to $16.00 in a research note on Tuesday, November 15th. DA Davidson upped their price objective on Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Credit Suisse Group dropped their price objective on Unity Software from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus price target of $39.79.

Unity Software Trading Down 5.5 %

Unity Software stock opened at $27.88 on Friday. The stock has a market cap of $8.38 billion, a P/E ratio of -9.45 and a beta of 2.17. Unity Software Inc. has a fifty-two week low of $21.22 and a fifty-two week high of $109.99. The firm’s fifty day moving average price is $33.27 and its 200-day moving average price is $33.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.34 and a current ratio of 2.34.

Unity Software Profile

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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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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