American Century Companies Inc. Takes $318,000 Position in Unity Software Inc. (NYSE:U)

American Century Companies Inc. purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,144 shares of the company's stock, valued at approximately $318,000.

Several other hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. grew its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares during the period. GAMMA Investing LLC increased its holdings in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Unity Software during the 4th quarter worth about $40,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after acquiring an additional 1,125 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of Unity Software stock traded up $0.31 during trading on Friday, reaching $19.20. The company's stock had a trading volume of 4,525,588 shares, compared to its average volume of 10,902,415. The business has a 50 day moving average price of $21.53 and a 200-day moving average price of $22.01. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a market capitalization of $7.86 billion, a P/E ratio of -11.43 and a beta of 2.31. 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 (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 38,924 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares of the company's stock, valued at $210,743,058.48. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares of the company's stock, valued at approximately $73,076,244.21. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 782,231 shares of company stock worth $17,933,528 in the last quarter. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

U has been the topic of a number of analyst reports. Citizens Jmp raised shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. UBS Group lowered their price objective on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Needham & Company LLC lifted their price target on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Ten equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.96.

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.