SBI Securities Co. Ltd. Takes $1.71 Million Position in Unity Software Inc. (NYSE:U)

SBI Securities Co. Ltd. bought a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 76,264 shares of the company's stock, valued at approximately $1,714,000.

Several other hedge funds and other institutional investors have also made changes to their positions in U. Geode Capital Management LLC grew its position in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock worth $106,008,000 after buying an additional 413,474 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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. Primecap Management Co. CA increased its position in shares of Unity Software by 7.1% in the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock valued at $18,367,000 after buying an additional 53,541 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Unity Software during the 3rd quarter worth $12,317,000. Finally, Monolith Management Ltd purchased a new stake in shares of Unity Software in the 3rd quarter worth about $10,993,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Trading Down 9.0 %

Shares of U stock traded down $2.28 during mid-day trading on Thursday, reaching $23.12. The company's stock had a trading volume of 9,661,812 shares, compared to its average volume of 12,712,645. The company's 50 day simple moving average is $22.94 and its 200-day simple moving average is $21.70. 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 12-month low of $13.90 and a 12-month high of $30.88. The firm has a market capitalization of $9.47 billion, a PE ratio of -13.76 and a beta of 2.27.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data 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. On average, research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

U has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a report on Friday, February 21st. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Wedbush reissued an "outperform" rating and set a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their target price on Unity Software from $20.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Unity Software has an average rating of "Hold" and a consensus target price of $25.04.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 892,397 shares of company stock valued at $21,596,219 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

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.