Handelsbanken Fonder AB Has $1.67 Million Position in Unity Software Inc. (NYSE:U)

Handelsbanken Fonder AB boosted its holdings in Unity Software Inc. (NYSE:U) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,400 shares of the company’s stock after buying an additional 13,900 shares during the period. Handelsbanken Fonder AB’s holdings in Unity Software were worth $1,672,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of U. Jessup Wealth Management Inc bought a new position in shares of Unity Software during the fourth quarter worth $510,000. Alberta Investment Management Corp bought a new stake in shares of Unity Software in the 4th quarter valued at about $2,765,000. Venturi Wealth Management LLC raised its holdings in shares of Unity Software by 31.5% in the 4th quarter. Venturi Wealth Management LLC now owns 5,158 shares of the company’s stock valued at $116,000 after purchasing an additional 1,235 shares during the period. CIBC Asset Management Inc raised its holdings in Unity Software by 10.0% in the 4th quarter. CIBC Asset Management Inc now owns 376,794 shares of the company’s stock valued at $8,467,000 after acquiring an additional 34,322 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Unity Software in the 4th quarter valued at about $204,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on U shares. Wedbush reaffirmed an “outperform” rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Needham & Company LLC lifted their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays lifted their price target on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group boosted their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus price target of $25.96.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 83,333 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the sale, the director now owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. The trade was a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Felix The sold 20,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 742,766 shares of company stock worth $18,248,777. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Down 5.9 %

Shares of Unity Software stock opened at $25.67 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a 50-day moving average of $22.60 and a 200 day moving average of $21.34. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of -15.28 and a beta of 2.32. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $33.43.

Unity Software (NYSE:U) last announced 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 the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.