Unity Software Inc. (NYSE:U) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA grew its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811,994 shares of the company's stock after purchasing an additional 53,541 shares during the period. Primecap Management Co. CA owned about 0.20% of Unity Software worth $18,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock valued at $31,805,000 after purchasing an additional 507,274 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Unity Software by 40.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock valued at $23,929,000 after purchasing an additional 424,806 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Unity Software by 161.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company's stock valued at $9,417,000 after purchasing an additional 357,500 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after purchasing an additional 330,088 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Unity Software by 187.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company's stock valued at $9,440,000 after purchasing an additional 230,696 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a research note on Friday, October 18th. UBS Group lifted their target price on shares of Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Macquarie raised their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Finally, Stifel Nicolaus raised their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $23.35.

Unity Software Stock Performance

Shares of NYSE:U traded up $1.07 during midday trading on Friday, reaching $23.53. 17,355,534 shares of the company's stock traded hands, compared to its average volume of 11,932,065. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The stock has a 50 day moving average of $20.98 and a 200 day moving average of $18.68. 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 company has a market cap of $9.48 billion, a price-to-earnings ratio of -11.52 and a beta of 2.29.

Insider Buying and Selling

In related news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares of the company's stock, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 534,550 shares of company stock worth $10,148,127. 6.30% of the stock is owned by corporate 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.