Charles Schwab Investment Management Inc. Purchases 72,384 Shares of Unity Software Inc. (NYSE:U)

Charles Schwab Investment Management Inc. grew its stake in Unity Software Inc. (NYSE:U - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,958,400 shares of the company's stock after purchasing an additional 72,384 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.49% of Unity Software worth $44,005,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in U. Venturi Wealth Management LLC raised its stake in Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company's stock worth $89,000 after buying an additional 876 shares during the period. GSA Capital Partners LLP acquired a new stake in Unity Software during the 3rd quarter worth $380,000. Planning Capital Management Corp acquired a new stake in Unity Software during the 3rd quarter worth $34,000. CIBC Asset Management Inc raised its stake in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock worth $7,747,000 after buying an additional 330,088 shares during the period. Finally, LMR Partners LLP acquired a new stake in Unity Software during the 3rd quarter worth $611,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on U. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Jefferies Financial Group increased their target price on Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Finally, HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $25.61.

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Unity Software Stock Performance

U stock traded down $0.29 during mid-day trading on Tuesday, hitting $21.18. 6,834,959 shares of the company were exchanged, compared to its average volume of 10,572,721. The business has a 50 day simple moving average of $22.66 and a 200-day simple moving average of $21.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.67 billion, a PE ratio of -12.60 and a beta of 2.27. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on 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 sale, the director now owns 3,648,146 shares of the company's stock, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock worth $20,849,425 over the last three months. Insiders own 6.30% of the company's stock.

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.