Swiss National Bank Has $12.28 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Swiss National Bank raised its stake in Unity Software Inc. (NYSE:U) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546,400 shares of the company’s stock after purchasing an additional 11,300 shares during the period. Swiss National Bank owned 0.14% of Unity Software worth $12,278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Unity Software during the 3rd quarter worth about $380,000. LMR Partners LLP acquired a new stake in Unity Software during the third quarter worth approximately $611,000. Primecap Management Co. CA boosted its holdings in shares of Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after acquiring an additional 53,541 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Unity Software by 45.1% during the third quarter. Cerity Partners LLC now owns 78,478 shares of the company’s stock worth $1,775,000 after purchasing an additional 24,406 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

U has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Morgan Stanley raised their price target on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company cut their price objective on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. UBS Group raised their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, February 21st. Ten 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.61.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,445 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares in the company, valued at $9,963,224.37. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the sale, the director now owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 865,236 shares of company stock valued at $20,849,425. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Performance

NYSE:U opened at $21.53 on Thursday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. 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 stock’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $22.02. The firm has a market capitalization of $8.82 billion, a PE ratio of -12.82 and a beta of 2.27.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million for 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, analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.