Charles Schwab Investment Management Inc. Raises Stake in Unity Software Inc. (NYSE:U)

Charles Schwab Investment Management Inc. raised its position in Unity Software Inc. (NYSE:U) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,958,400 shares of the company’s stock after purchasing an additional 72,384 shares during the period. Charles Schwab Investment Management Inc. owned 0.49% of Unity Software worth $44,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Unity Software in the fourth quarter valued at approximately $1,714,000. Jones Financial Companies Lllp grew its position in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after buying an additional 1,125 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Unity Software during the fourth quarter worth about $440,000. New York Life Investment Management LLC acquired a new position in Unity Software during the 4th quarter worth approximately $715,000. Finally, GenTrust LLC acquired a new position in Unity Software during the fourth quarter worth $7,692,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

NYSE:U opened at $20.78 on Friday. The firm’s fifty day simple moving average is $22.73 and its 200 day simple moving average is $21.89. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of -12.37 and a beta of 2.27. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings data 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 company had revenue of $457.10 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. This represents a 0.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the sale, the director now owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 864,537 shares of company stock worth $20,839,722 in the last quarter. 6.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

U has been the topic of several recent analyst reports. Needham & Company LLC upped their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday. Barclays increased their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price target on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and a consensus price target of $25.61.

Unity Software 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.