Leonteq Securities AG Has $3.61 Million Position in Unity Software Inc. $U

Leonteq Securities AG lifted its stake in shares of Unity Software Inc. (NYSE:U) by 3,026.9% during the 1st quarter, HoldingsChannel reports. The firm owned 164,537 shares of the company’s stock after acquiring an additional 159,275 shares during the period. Leonteq Securities AG’s holdings in Unity Software were worth $3,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. ARK Investment Management LLC raised its position in Unity Software by 10.8% in the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock valued at $39,118,000 after purchasing an additional 95,341 shares during the last quarter. Cinctive Capital Management LP bought a new stake in shares of Unity Software during the third quarter worth about $4,727,000. WINTON GROUP Ltd bought a new stake in shares of Unity Software during the third quarter worth about $11,918,000. Massachusetts Financial Services Co. MA increased its stake in shares of Unity Software by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock valued at $128,350,000 after buying an additional 252,648 shares during the period. Finally, FengHe Fund Management Pte. Ltd. increased its stake in shares of Unity Software by 287.0% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock valued at $76,503,000 after buying an additional 1,284,400 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of U opened at $29.34 on Friday. The business has a 50-day moving average of $27.55 and a 200-day moving average of $28.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of -18.69, a price-to-earnings-growth ratio of 3.66 and a beta of 2.05. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15.

Analysts Set New Price Targets

Several equities research analysts recently commented on U shares. Raymond James Financial initiated coverage on shares of Unity Software in a research report on Monday. They set a “market perform” rating on the stock. Morgan Stanley upped their price target on shares of Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Citigroup dropped their price target on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and set a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. Finally, BTIG Research boosted their price objective on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.71.

Insider Buying and Selling at Unity Software

In other news, CFO Jarrod Yahes sold 24,021 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the transaction, the chief financial officer owned 704,360 shares in the company, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the completion of the sale, the chief executive officer directly owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 198,321 shares of company stock worth $5,390,783. Company insiders own 0.77% of the company’s stock.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.