CIBC Asset Management Inc Purchases 34,322 Shares of Unity Software Inc. (NYSE:U)

CIBC Asset Management Inc boosted its position in Unity Software Inc. (NYSE:U) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 376,794 shares of the company’s stock after acquiring an additional 34,322 shares during the period. CIBC Asset Management Inc’s holdings in Unity Software were worth $8,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. raised its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software during the third quarter valued at about $34,000. GAMMA Investing LLC increased its position in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Unity Software during the third quarter valued at about $43,000. 73.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on U. Barclays upped their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Morgan Stanley upped their price target on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.81.

Insiders Place Their Bets

In other news, CFO Mark Barrysmith sold 8,112 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the completion of the sale, the chief financial officer now owns 454,866 shares of the company’s stock, valued at approximately $11,089,633.08. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 11,719 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 679,264 shares of company stock valued at $16,612,383 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Unity Software Stock Up 1.4 %

Shares of U opened at $21.82 on Wednesday. The firm has a market cap of $8.79 billion, a P/E ratio of -10.69 and a beta of 2.32. The stock has a 50 day simple moving average of $22.52 and a two-hundred day simple moving average of $20.93. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $33.43.

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.