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

Geode Capital Management LLC grew its stake in Unity Software Inc. (NYSE:U - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,769,609 shares of the company's stock after purchasing an additional 84,480 shares during the period. Geode Capital Management LLC owned approximately 1.18% of Unity Software worth $107,208,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of U. Norges Bank acquired a new position in Unity Software during the 4th quarter worth approximately $269,320,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock valued at $43,505,000 after buying an additional 1,521,165 shares in the last quarter. Alliancebernstein L.P. raised its position in Unity Software by 541.3% in the fourth quarter. Alliancebernstein L.P. now owns 799,817 shares of the company's stock worth $17,972,000 after acquiring an additional 675,099 shares in the last quarter. Vanguard Group Inc. raised its position in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after acquiring an additional 625,872 shares in the last quarter. Finally, GenTrust LLC acquired a new stake in Unity Software in the fourth quarter valued at $7,692,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Insider Activity

In other news, CAO Mark Barrysmith sold 1,362 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares of the company's stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares of the company's stock, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 781,903 shares of company stock valued at $17,934,432 in the last three months. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Hsbc Global Res raised Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.46.

Unity Software Trading Up 3.4 %

U stock traded up $0.61 during midday trading on Tuesday, hitting $18.77. The stock had a trading volume of 2,061,144 shares, compared to its average volume of 10,848,240. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company's 50-day moving average price is $21.65 and its 200 day moving average price is $22.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market cap of $7.69 billion, a PE ratio of -11.17 and a beta of 2.31.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, equities research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.