Primecap Management Co. CA Decreases Stock Holdings in Unity Software Inc. (NYSE:U)

Primecap Management Co. CA decreased its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661,294 shares of the company's stock after selling 150,700 shares during the period. Primecap Management Co. CA owned 0.16% of Unity Software worth $14,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. grew its holdings in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the period. Whipplewood Advisors LLC purchased a new position in Unity Software in the 4th quarter worth $40,000. Finally, Brooklyn Investment Group acquired a new stake in Unity Software during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

U traded up $1.16 during trading on Monday, hitting $22.71. The company's stock had a trading volume of 6,899,559 shares, compared to its average volume of 10,567,762. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of -13.52 and a beta of 2.27. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The business's fifty day simple moving average is $22.57 and its 200 day simple moving average is $22.13. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analysts' expectations 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 research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on U. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Needham & Company LLC raised their price target 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. Wedbush reaffirmed an "outperform" rating and issued a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Barclays raised their target price on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Finally, Macquarie assumed coverage on shares of Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of "Moderate Buy" and an average price target of $25.61.

Insider Activity

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Alexander Blum sold 1,479 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the sale, the chief operating officer now owns 495,648 shares of the company's stock, valued at $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 865,236 shares of company stock worth $20,849,425 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Unity Software Company 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.