DnB Asset Management AS Takes $464,000 Position in Unity Software Inc. (NYSE:U)

DnB Asset Management AS acquired a new position in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,651 shares of the company's stock, valued at approximately $464,000.

Several other large investors have also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its stake in Unity Software by 12.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 41,225 shares of the company's stock worth $926,000 after buying an additional 4,639 shares during the last quarter. Norges Bank acquired a new stake in Unity Software in the fourth quarter worth about $269,320,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Unity Software by 83.2% during the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 43,167 shares of the company's stock worth $970,000 after acquiring an additional 19,599 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock valued at $699,335,000 after acquiring an additional 625,872 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Unity Software in the 4th quarter valued at approximately $300,000. Institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

NYSE U traded up $0.30 during mid-day trading on Monday, reaching $17.22. 18,484,788 shares of the stock were exchanged, compared to its average volume of 10,794,025. The company has a market capitalization of $7.05 billion, a P/E ratio of -10.25 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The business's 50 day moving average is $22.16 and its 200-day moving average is $22.27. 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 posted its earnings results 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. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,362 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the completion of the transaction, the director now directly owns 2,981,479 shares in the company, valued at $59,748,839.16. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 781,903 shares of company stock worth $17,934,432. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

U has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays upped their target price on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. UBS Group lifted their price target on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. JMP Securities reissued a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $24.75.

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.