Zurcher Kantonalbank Zurich Cantonalbank Has $1.22 Million Stake in Unity Software Inc. (NYSE:U)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Unity Software Inc. (NYSE:U) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,791 shares of the company’s stock after purchasing an additional 5,522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Unity Software were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after purchasing an additional 538 shares in the last quarter. Venturi Wealth Management LLC grew its position in Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after buying an additional 876 shares in the last quarter. GAMMA Investing LLC increased its stake in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the period. Intech Investment Management LLC raised its holdings in Unity Software by 8.2% in the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Up 4.9 %

NYSE:U opened at $27.64 on Friday. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. 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 $11.13 billion, a PE ratio of -13.55 and a beta of 2.33. The firm’s 50 day simple moving average is $21.58 and its 200 day simple moving average is $18.78.

Wall Street Analyst Weigh In

A number of brokerages recently commented on U. Stifel Nicolaus raised their price target on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush boosted their target price on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Barclays increased their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Macquarie raised their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.35.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. This trade represents a 17.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 764,381 shares of company stock worth $16,140,023. Company insiders own 6.30% of the company’s stock.

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.