Erste Asset Management GmbH Trims Stock Position in Unity Software Inc. (NYSE:U)

Erste Asset Management GmbH decreased its position in Unity Software Inc. (NYSE:U) by 82.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,120 shares of the company’s stock after selling 450,000 shares during the period. Erste Asset Management GmbH’s holdings in Unity Software were worth $2,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Unity Software by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock worth $44,005,000 after buying an additional 72,384 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Unity Software by 366.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after buying an additional 1,521,165 shares during the period. Primecap Management Co. CA boosted its position in Unity Software by 7.1% during the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after acquiring an additional 53,541 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Unity Software by 2.1% in the 4th quarter. Swiss National Bank now owns 546,400 shares of the company’s stock valued at $12,278,000 after acquiring an additional 11,300 shares during the period. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on U. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley raised their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday. Finally, Needham & Company LLC upped their price target on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.61.

Unity Software Trading Up 1.4 %

Shares of NYSE:U opened at $20.78 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of -12.37 and a beta of 2.27. The business has a 50-day moving average price of $22.73 and a 200-day moving average price of $21.89.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Equities analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the sale, the chief accounting officer now directly owns 450,881 shares in the company, valued at $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 864,537 shares of company stock valued at $20,839,722. 6.30% of the stock is owned by insiders.

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.