Charles Schwab Investment Management Inc. Has $42.66 Million Stake in Unity Software Inc. (NYSE:U)

Charles Schwab Investment Management Inc. raised its position in Unity Software Inc. (NYSE:U - Free Report) by 100.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886,016 shares of the company's stock after acquiring an additional 944,709 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.48% of Unity Software worth $42,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in Unity Software by 35.0% in the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock valued at $31,805,000 after buying an additional 507,274 shares in the last quarter. Bank of New York Mellon Corp increased its position in Unity Software by 40.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock worth $23,929,000 after purchasing an additional 424,806 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Unity Software by 161.3% during the 2nd 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 in the last quarter. CIBC Asset Management Inc increased its holdings in Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after buying an additional 330,088 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Unity Software by 187.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company's stock valued at $9,440,000 after purchasing an additional 230,696 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Trading Up 0.5 %

Shares of U traded up $0.12 during trading hours on Monday, hitting $24.24. 10,051,251 shares of the stock traded hands, compared to its average volume of 10,581,035. The business has a fifty day moving average of $21.31 and a 200-day moving average of $18.63. The firm has a market capitalization of $9.76 billion, a PE ratio of -11.87 and a beta of 2.29. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling

In related news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Barrysmith sold 8,112 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the transaction, the chief financial officer now owns 454,866 shares in the company, valued at $11,089,633.08. This represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 554,381 shares of company stock valued at $10,631,723 in the last 90 days. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on U shares. Needham & Company LLC lifted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th. UBS Group upped their price objective on shares of Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Barclays raised their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Finally, The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Unity Software has a consensus rating of "Hold" and a consensus target price of $23.35.

About Unity Software

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.