546,120 Shares in Unity Software Inc. (NYSE:U) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new stake in Unity Software Inc. (NYSE:U - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 546,120 shares of the company's stock, valued at approximately $12,317,000. Erste Asset Management GmbH owned approximately 0.14% of Unity Software as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its stake in Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after purchasing an additional 88,955 shares during the last quarter. Taconic Capital Advisors LP increased its stake in Unity Software by 50.0% in the third quarter. Taconic Capital Advisors LP now owns 75,000 shares of the company's stock valued at $1,696,000 after purchasing an additional 25,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Unity Software by 11.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,791 shares of the company's stock valued at $1,217,000 after purchasing an additional 5,522 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Unity Software during the third quarter worth approximately $43,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Unity Software by 5.5% during the third quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company's stock worth $1,959,000 after acquiring an additional 4,497 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Wall Street Analysts Forecast Growth

U has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Wedbush raised their target price on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Benchmark raised their target price on Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a report on Friday, November 8th. Finally, Oppenheimer reissued a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.35.

Unity Software Stock Up 0.3 %

NYSE:U traded up $0.07 during trading hours on Monday, hitting $24.18. The stock had a trading volume of 6,185,621 shares, compared to its average volume of 10,563,141. 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 1-year low of $13.90 and a 1-year high of $43.54. The business has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $18.63. The company has a market cap of $9.74 billion, a PE ratio of -11.82 and a beta of 2.29.

Insider Activity

In related news, SVP Felix The sold 11,719 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the transaction, the senior vice president now directly owns 411,960 shares in the company, valued at $10,047,704.40. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 554,381 shares of company stock worth $10,631,723. 6.30% of the stock is currently owned by insiders.

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.