Avanza Fonder AB Invests $732,000 in Unity Software Inc. (NYSE:U)

Avanza Fonder AB acquired a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 32,569 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in Unity Software during the second quarter worth $82,000. Dimensional Fund Advisors LP raised its holdings in shares of Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after acquiring an additional 200,008 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Unity Software during the 2nd quarter valued at about $227,000. Vanguard Personalized Indexing Management LLC increased its holdings in Unity Software by 11.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,281 shares of the company’s stock worth $263,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its stake in shares of Unity Software by 9.8% in the second quarter. Elo Mutual Pension Insurance Co now owns 24,789 shares of the company’s stock worth $403,000 after purchasing an additional 2,219 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

U has been the topic of several analyst reports. UBS Group lifted their target price on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Macquarie increased their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Benchmark upped their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Wells Fargo & Company began coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price on the stock. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.58.

Unity Software Trading Down 0.1 %

NYSE:U opened at $21.73 on Monday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $35.56. The stock’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $20.07. 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 market cap of $8.75 billion, a P/E ratio of -10.65 and a beta of 2.32.

Insider Buying and Selling

In other news, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 764,487 shares of company stock valued at $17,521,180. Corporate 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.