30,321 Shares in Unity Software Inc. (NYSE:U) Bought by AXQ Capital LP

AXQ Capital LP bought a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,321 shares of the company’s stock, valued at approximately $681,000.

Several other institutional investors have also recently bought and sold shares of U. Geode Capital Management LLC lifted its stake in shares of Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Unity Software by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock valued at $44,005,000 after purchasing an additional 72,384 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Unity Software by 366.6% during 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 purchasing an additional 1,521,165 shares in the last quarter. Primecap Management Co. CA grew 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 purchasing an additional 53,541 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Unity Software by 2.1% in the fourth quarter. Swiss National Bank now owns 546,400 shares of the company’s stock valued at $12,278,000 after buying an additional 11,300 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, Director David Helgason sold 38,924 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the sale, the director now owns 7,828,494 shares in the company, valued at $210,743,058.48. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock valued at $20,849,425 in the last three months. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $21.55 on Friday. The firm has a 50 day moving average of $22.57 and a 200-day moving average of $22.09. The company has a market cap of $8.83 billion, a price-to-earnings ratio of -12.82 and a beta of 2.27. 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 Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.

Unity Software (NYSE:U) last posted its quarterly 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 net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on U. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company reduced their price target on Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Finally, Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and a consensus price target of $25.61.

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.