North Dakota State Investment Board Buys Shares of 28,426 Unity Software Inc. $U

North Dakota State Investment Board bought a new stake in Unity Software Inc. (NYSE:U) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 28,426 shares of the company’s stock, valued at approximately $1,256,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Unity Software by 58.7% during the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Unity Software during the third quarter worth about $106,233,000. Duquesne Family Office LLC acquired a new position in shares of Unity Software during the second quarter worth about $42,932,000. WT Asset Management Ltd acquired a new position in shares of Unity Software during the fourth quarter worth about $57,626,000. Finally, FengHe Fund Management Pte. Ltd. grew its position in shares of Unity Software by 287.0% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after buying an additional 1,284,400 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

U has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Citizens Jmp reissued a “market outperform” rating and set a $37.00 price objective on shares of Unity Software in a research report on Friday, March 27th. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Tuesday, February 10th. Citigroup lowered their price target on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Barclays upped their price target on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and a consensus price target of $38.77.

Unity Software Price Performance

Unity Software stock opened at $26.25 on Wednesday. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $32.02. The stock has a market capitalization of $11.46 billion, a PE ratio of -16.72, a price-to-earnings-growth ratio of 8.38 and a beta of 2.04.

Insider Transactions at Unity Software

In other news, COO Alexander Blum sold 2,541 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $18.76, for a total transaction of $47,669.16. Following the completion of the sale, the chief operating officer owned 548,425 shares in the company, valued at $10,288,453. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jarrod Yahes sold 6,205 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $21.03, for a total value of $130,491.15. Following the sale, the chief financial officer owned 728,381 shares of the company’s stock, valued at $15,317,852.43. This trade represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,684 shares of company stock worth $773,350 over the last 90 days. 0.77% of the stock is currently owned by insiders.

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.