Tandem Capital Management Corp ADV Makes New Investment in Unity Software Inc. (NYSE:U)

Tandem Capital Management Corp ADV bought a new position in shares of Unity Software Inc. (NYSE:U) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,355 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds have also recently added to or reduced their stakes in U. Resolute Partners Group purchased a new stake in shares of Unity Software during the fourth quarter valued at about $4,870,777,000. Thrive Capital Management LLC purchased a new position in shares of Unity Software in the 3rd quarter valued at approximately $307,805,000. Nikko Asset Management Americas Inc. raised its position in shares of Unity Software by 162.5% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 3,248,435 shares of the company’s stock valued at $325,851,000 after purchasing an additional 2,010,904 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Unity Software by 162.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,226,057 shares of the company’s stock valued at $323,606,000 after purchasing an additional 1,999,079 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Unity Software by 313.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,504,054 shares of the company’s stock valued at $384,297,000 after purchasing an additional 1,897,754 shares during the last quarter. 75.72% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE U traded down $1.05 during midday trading on Friday, reaching $99.76. 52,580 shares of the stock were exchanged, compared to its average volume of 4,052,285. The company has a market capitalization of $27.87 billion and a price-to-earnings ratio of -86.91. Unity Software Inc. has a twelve month low of $65.11 and a twelve month high of $174.94. The firm has a 50-day moving average price of $95.86.

Unity Software (NYSE:U) last issued its quarterly earnings data on Tuesday, May 11th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $234.80 million for the quarter, compared to analyst estimates of $217.08 million. During the same period in the previous year, the business earned ($0.11) EPS. Unity Software’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Unity Software Inc. will post -1.19 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. DA Davidson reduced their price target on shares of Unity Software from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, May 13th. The Goldman Sachs Group assumed coverage on shares of Unity Software in a research report on Monday, March 15th. They set a “buy” rating and a $126.00 price target for the company. Wedbush reduced their price target on shares of Unity Software from $175.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, May 12th. Stifel Nicolaus raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, May 12th. Finally, Credit Suisse Group assumed coverage on shares of Unity Software in a research report on Monday, April 5th. They set an “outperform” rating and a $170.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $127.10.

In related news, SVP Ruth Ann Keene sold 7,000 shares of Unity Software stock in a transaction on Friday, April 9th. The shares were sold at an average price of $97.01, for a total value of $679,070.00. Following the sale, the senior vice president now owns 77,121 shares of the company’s stock, valued at approximately $7,481,508.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ralph Hauwert sold 6,917 shares of Unity Software stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $99.11, for a total transaction of $685,543.87. Following the completion of the sale, the senior vice president now directly owns 134,738 shares in the company, valued at approximately $13,353,883.18. The disclosure for this sale can be found here. Insiders sold a total of 939,652 shares of company stock worth $89,544,002 in the last three months.

Unity Software Company Profile

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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