Unity Software Inc. (NYSE:U) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Unity Software Inc. (NYSE:U) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,769,609 shares of the company’s stock after purchasing an additional 84,480 shares during the quarter. Geode Capital Management LLC owned about 1.18% of Unity Software worth $107,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in U. Janus Henderson Group PLC raised its stake in Unity Software by 463.7% in the 3rd quarter. Janus Henderson Group PLC now owns 119,000 shares of the company’s stock valued at $2,691,000 after purchasing an additional 97,889 shares during the last quarter. M&T Bank Corp raised its stake in Unity Software by 140.1% in the 3rd quarter. M&T Bank Corp now owns 28,581 shares of the company’s stock valued at $646,000 after purchasing an additional 16,676 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Unity Software by 1.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 140,659 shares of the company’s stock valued at $3,180,000 after purchasing an additional 1,424 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Unity Software in the 3rd quarter valued at about $714,000. Finally, Tidal Investments LLC raised its stake in Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Up 19.7 %

NYSE U opened at $20.05 on Thursday. The stock has a market cap of $8.21 billion, a PE ratio of -11.93 and a beta of 2.31. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The business has a 50 day moving average price of $21.80 and a two-hundred day moving average price of $22.17. 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 (NYSE:U) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on U. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a “neutral” rating and a $24.00 target price for the company. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, March 11th. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lowered their price target on Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.54.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $20.04, for a total value of $3,340,006.68. Following the transaction, the director now directly owns 2,981,479 shares of the company’s stock, valued at $59,748,839.16. This represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Anirma Gupta sold 31,948 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the completion of the transaction, the senior vice president now directly owns 542,942 shares in the company, valued at approximately $13,698,426.66. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 781,903 shares of company stock worth $17,934,432 in the last 90 days. 6.30% of the stock is owned by company insiders.

Unity Software 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.