Avanza Fonder AB Takes $732,000 Position in Unity Software Inc. (NYSE:U)

Avanza Fonder AB purchased a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 32,569 shares of the company's stock, valued at approximately $732,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted 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 purchasing an additional 413,474 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock worth $37,806,000 after buying an additional 200,008 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock worth $42,662,000 after buying an additional 944,709 shares during the period. Primecap Management Co. CA increased its stake 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 worth $18,367,000 after purchasing an additional 53,541 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Unity Software by 161.3% in the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company's stock worth $9,417,000 after purchasing an additional 357,500 shares during the period. Institutional investors own 73.46% of the company's stock.

Insider Transactions at Unity Software

In other news, CFO Mark Barrysmith sold 1,228 shares of the firm'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 transaction of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares of the company's stock, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares in the company, valued at $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 764,487 shares of company stock worth $17,521,180 over the last quarter. Company insiders own 6.30% of the company's stock.

Unity Software Stock Performance

NYSE:U traded down $0.02 on Monday, hitting $21.73. The company's stock had a trading volume of 7,539,915 shares, compared to its average volume of 8,779,268. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a one year low of $13.90 and a one year high of $35.56. The stock has a fifty day moving average of $23.04 and a two-hundred day moving average of $20.10. The firm has a market capitalization of $8.75 billion, a P/E ratio of -10.65 and a beta of 2.32.

Analyst Ratings Changes

Several brokerages recently issued reports on U. UBS Group boosted their price target on Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Needham & Company LLC raised their target price on Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley increased their price objective on shares of Unity Software from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Wells Fargo & Company initiated coverage on shares of Unity Software in a research report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price on the stock. Finally, Barclays lifted their price objective on Unity Software from $16.00 to $18.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $22.58.

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.