American Century Companies Inc. Invests $318,000 in Unity Software Inc. (NYSE:U)

American Century Companies Inc. acquired a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,144 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. M&T Bank Corp raised its holdings in Unity Software by 140.1% during the 3rd quarter. M&T Bank Corp now owns 28,581 shares of the company’s stock worth $646,000 after purchasing an additional 16,676 shares during the last quarter. Geode Capital Management LLC raised its stake in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares during the last quarter. Tidal Investments LLC lifted its holdings in Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after buying an additional 723 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Unity Software during the third quarter valued at $728,000. Finally, Versant Capital Management Inc grew its holdings in Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on U shares. Morgan Stanley boosted their price objective on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barclays boosted their price target 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. UBS Group reduced their price objective on shares of Unity Software from $30.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Jefferies Financial Group dropped their target price on shares of Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 7th. Finally, Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and an average target price of $24.46.

Unity Software Price Performance

Shares of NYSE U opened at $19.25 on Monday. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of -11.46 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The firm’s 50-day simple moving average is $21.71 and its 200 day simple moving average is $22.12.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the sale, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 781,903 shares of company stock worth $17,934,432. Corporate insiders own 6.30% of the company’s stock.

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.