Capital International Investors Buys 1,786,032 Shares of Unity Software Inc. (NYSE:U)

Capital International Investors grew its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,886,853 shares of the company's stock after buying an additional 1,786,032 shares during the quarter. Capital International Investors owned 4.69% of Unity Software worth $424,388,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Unity Software during the 4th quarter valued at about $30,000. Principal Securities Inc. raised its holdings in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Unity Software in the 4th quarter worth $40,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Unity Software by 144.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after purchasing an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 83,333 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52. Following the completion of the transaction, the director now owns 3,398,146 shares of the company's stock, valued at $86,448,834.24. This represents a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,395 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the transaction, the chief accounting officer now owns 450,881 shares of the company's stock, valued at $9,775,100.08. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 782,231 shares of company stock worth $17,933,528. 6.30% of the stock is owned by company insiders.

Unity Software Stock Performance

U traded up $1.28 during trading on Thursday, hitting $22.23. The company's stock had a trading volume of 4,522,944 shares, compared to its average volume of 10,887,140. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The business's 50 day simple moving average is $21.51 and its 200-day simple moving average is $21.99. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $9.11 billion, a PE ratio of -13.26 and a beta of 2.31.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. As a group, sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on U. Needham & Company LLC lifted their price objective on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Barclays boosted their target price on shares of Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Jefferies Financial Group decreased their price target on shares of Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, April 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $23.96.

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.