Swiss National Bank Raises Position in Unity Software Inc. (NYSE:U)

Swiss National Bank grew its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 779,400 shares of the company's stock after acquiring an additional 48,600 shares during the period. Swiss National Bank owned about 0.21% of Unity Software worth $31,870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Unity Software during the 4th quarter valued at about $27,000. Huntington National Bank increased its position in shares of Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company's stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. GAMMA Investing LLC purchased a new position in Unity Software in the 4th quarter worth approximately $28,000. Pacifica Partners Inc. bought a new position in Unity Software in the 4th quarter valued at approximately $33,000. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in Unity Software during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of Unity Software in a report on Tuesday, January 9th. Stifel Nicolaus boosted their target price on shares of Unity Software from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Needham & Company LLC dropped their price target on Unity Software from $40.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. Barclays reduced their price objective 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. Finally, Citigroup cut their price target on Unity Software from $50.00 to $38.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $37.03.

Insider Buying and Selling

In related news, CMO Carol W. Carpenter sold 2,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the transaction, the chief marketing officer now owns 442,617 shares of the company's stock, valued at $10,702,479.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Carol W. Carpenter sold 2,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the sale, the chief marketing officer now directly owns 442,617 shares of the company's stock, valued at $10,702,479.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Anirma Gupta sold 1,037 shares of the business's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares of the company's stock, valued at $9,443,360.52. The disclosure for this sale can be found here. Insiders sold 338,917 shares of company stock valued at $9,460,820 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Unity Software Stock Down 4.9 %

U stock traded down $1.23 during trading on Wednesday, hitting $24.09. 7,623,541 shares of the company's stock traded hands, compared to its average volume of 9,483,267. The firm has a market capitalization of $9.30 billion, a P/E ratio of -11.22 and a beta of 2.40. The business has a fifty day simple moving average of $25.82 and a two-hundred day simple moving average of $30.26. 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 Inc. has a 1 year low of $22.20 and a 1 year high of $50.08.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm had revenue of $609.27 million during the quarter, compared to analysts' expectations of $551.01 million. During the same period in the prior year, the firm posted ($0.50) earnings per share. Unity Software's revenue for the quarter was up 35.1% compared to the same quarter last year. Sell-side analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current year.

About Unity Software

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.