Swiss National Bank Boosts Holdings in Unity Software Inc. (NYSE:U)

Swiss National Bank lifted its stake in shares of Unity Software Inc. (NYSE:U) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,400 shares of the company’s stock after purchasing an additional 48,600 shares during the period. Swiss National Bank owned about 0.21% of Unity Software worth $31,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Unity Software by 8.3% in the third quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock valued at $810,483,000 after buying an additional 1,972,435 shares during the last quarter. ARK Investment Management LLC grew its stake in Unity Software by 6.2% during the 4th quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company’s stock valued at $498,440,000 after acquiring an additional 712,579 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Unity Software by 14.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock valued at $373,392,000 after acquiring an additional 1,170,058 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in Unity Software in the 3rd quarter worth approximately $82,988,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Unity Software by 69.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company’s stock worth $76,335,000 after purchasing an additional 998,467 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Down 0.6 %

Shares of U stock opened at $25.33 on Wednesday. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The firm’s 50 day moving average price is $25.93 and its two-hundred day moving average price is $30.27. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of -11.73 and a beta of 2.40. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the company posted ($0.50) earnings per share. On average, analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current year.

Insider Activity at Unity Software

In other news, insider Marc Whitten sold 7,232 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.56, for a total transaction of $235,473.92. Following the transaction, the insider now directly owns 989,707 shares of the company’s stock, valued at $32,224,859.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Unity Software news, insider Marc Whitten sold 7,232 shares of Unity Software stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $235,473.92. Following the sale, the insider now directly owns 989,707 shares in the company, valued at approximately $32,224,859.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Felix The sold 4,374 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the sale, the senior vice president now directly owns 298,948 shares in the company, valued at $9,730,757.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,917 shares of company stock worth $9,460,820. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on U shares. Stifel Nicolaus lifted their price target on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Barclays dropped their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Macquarie cut shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Monday, February 12th. Wedbush reissued an “outperform” rating and issued a $33.50 price objective on shares of Unity Software in a research note on Thursday, May 2nd. Finally, Citigroup reduced their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.03.

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.