Johnson Investment Counsel Inc. Buys 11,699 Shares of Unity Software Inc. (NYSE:U)

Johnson Investment Counsel Inc. increased its holdings in Unity Software Inc. (NYSE:U) by 105.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,774 shares of the company’s stock after buying an additional 11,699 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Unity Software were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE boosted its stake in Unity Software by 159.7% during the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock worth $300,000 after buying an additional 8,152 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Unity Software by 6.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock valued at $2,532,000 after buying an additional 6,689 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares during the period. GSA Capital Partners LLP bought a new position in Unity Software in the third quarter worth about $380,000. Finally, Bouvel Investment Partners LLC raised its stake in shares of Unity Software by 56.3% during the 3rd quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock worth $805,000 after acquiring an additional 12,823 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday. UBS Group raised their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Needham & Company LLC boosted 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. Finally, Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and an average price target of $25.61.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on 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 $91,276,612.92. The trade was a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 864,537 shares of company stock worth $20,839,722 in the last 90 days. 6.30% of the stock is owned by insiders.

Unity Software Trading Down 4.8 %

Unity Software stock opened at $20.48 on Friday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. 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 firm has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $21.87. The stock has a market capitalization of $8.39 billion, a PE ratio of -12.19 and a beta of 2.27.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $433.47 million. As a group, equities research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

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.