Unity Software Inc. (NYSE:U) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Unity Software Inc. (NYSE:U) by 9.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 about 1.16% of Unity Software worth $106,008,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. Planning Capital Management Corp bought a new position in Unity Software in the 3rd quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in Unity Software during the third quarter worth about $43,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Unity Software by 308.8% in the second 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. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. This trade represents a 5.56 % 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 Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 512,669 shares of company stock valued at $11,225,869. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, September 3rd. Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $22.21.

Unity Software Trading Down 9.4 %

Shares of U stock opened at $22.34 on Thursday. The firm has a fifty day moving average price of $22.32 and a 200-day moving average price of $19.16. The company has a market cap of $9.00 billion, a price-to-earnings ratio of -10.95 and a beta of 2.33. 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.

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.