Monolith Management Ltd Purchases New Stake in Unity Software Inc. (NYSE:U)

Monolith Management Ltd bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 486,000 shares of the company's stock, valued at approximately $10,993,000. Unity Software makes up 6.4% of Monolith Management Ltd's portfolio, making the stock its 8th largest position. Monolith Management Ltd owned about 0.12% of Unity Software as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position 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 valued at $37,806,000 after purchasing an additional 200,008 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Unity Software by 35.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $31,805,000 after purchasing an additional 507,274 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 buying an additional 424,806 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in Unity Software by 7.1% in the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock valued at $18,367,000 after acquiring an additional 53,541 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of NYSE:U traded up $0.61 during trading on Monday, reaching $24.14. 12,279,094 shares of the stock were exchanged, compared to its average volume of 10,592,907. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The stock has a fifty day moving average of $20.98 and a two-hundred day moving average of $18.60.

Insider Buying and Selling at Unity Software

In related news, SVP Felix The sold 30,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 534,550 shares of company stock worth $10,148,127 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on U. Needham & Company LLC lifted their price objective on 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 increased their price target on Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, September 13th. Macquarie boosted their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. Finally, UBS Group upped their target price on Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $23.35.

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.