Geode Capital Management LLC Grows Stake in Unity Software Inc. (NYSE:U)

Geode Capital Management LLC boosted its holdings in Unity Software Inc. (NYSE:U - Free Report) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,685,129 shares of the company's stock after buying an additional 413,474 shares during the quarter. Geode Capital Management LLC owned 1.16% of Unity Software worth $106,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after acquiring an additional 949 shares during the period. Planning Capital Management Corp bought a new position in shares of Unity Software in the third quarter worth about $34,000. Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter valued at approximately $43,000. Northwestern Mutual Wealth Management Co. boosted its stake in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares during the period. Finally, Blue Trust Inc. grew its holdings in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock valued at $51,000 after buying an additional 2,359 shares in the last quarter. Institutional investors own 73.46% of the company's stock.

Unity Software Trading Down 0.4 %

U stock traded down $0.08 during mid-day trading on Thursday, reaching $22.26. 8,665,735 shares of the stock traded hands, compared to its average volume of 10,653,120. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The stock has a market capitalization of $8.97 billion, a PE ratio of -10.91 and a beta of 2.33. 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 has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $19.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Needham & Company LLC increased their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a "buy" rating in a report on Friday, November 8th. Wedbush raised their price objective on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Stifel Nicolaus boosted their target price on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.21.

Insider Buying and Selling

In related news, CFO Mark Barrysmith sold 1,228 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Helgason sold 7,860 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the sale, the director now owns 10,493 shares in the company, valued at approximately $277,539.85. The trade was a 42.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 512,669 shares of company stock valued at $11,225,869. Company insiders own 6.30% of the company's stock.

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.