Fox Run Management L.L.C. Acquires Shares of 13,365 Unity Software Inc. (NYSE:U)

Fox Run Management L.L.C. bought a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,365 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds also recently made changes to their positions in U. Charles Schwab Investment Management Inc. raised its holdings in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Cerity Partners LLC increased its position in shares of Unity Software by 45.1% in the 3rd quarter. Cerity Partners LLC now owns 78,478 shares of the company’s stock worth $1,775,000 after purchasing an additional 24,406 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Unity Software in the 3rd quarter valued at about $1,733,000. The Manufacturers Life Insurance Company lifted its position in shares of Unity Software by 5.5% during the third quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company’s stock worth $1,959,000 after purchasing an additional 4,497 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Unity Software in the third quarter worth about $43,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 236,337 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark Barrysmith sold 1,445 shares of Unity Software stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the transaction, the chief accounting officer now directly owns 483,417 shares in the company, valued at $9,963,224.37. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 865,236 shares of company stock worth $20,849,425 in the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Stock Performance

Shares of NYSE U opened at $21.57 on Friday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The firm has a market cap of $8.84 billion, a P/E ratio of -12.84 and a beta of 2.27. The stock has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $22.22. 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 (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

U has been the topic of a number of research analyst reports. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Morgan Stanley raised their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Needham & Company LLC boosted their target price on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.61.

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.