APEIRON CAPITAL Ltd Takes Position in Unity Software Inc. $U

APEIRON CAPITAL Ltd bought a new position in shares of Unity Software Inc. (NYSE:U) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 250,600 shares of the company’s stock, valued at approximately $5,498,000. Unity Software makes up about 5.1% of APEIRON CAPITAL Ltd’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds also recently modified their holdings of U. ARK Investment Management LLC lifted its stake in Unity Software by 10.8% during the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock worth $39,118,000 after purchasing an additional 95,341 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Unity Software in the 3rd quarter valued at $4,727,000. WINTON GROUP Ltd bought a new position in shares of Unity Software in the 3rd quarter valued at $11,918,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Unity Software by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock worth $128,350,000 after buying an additional 252,648 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. lifted its position in shares of Unity Software by 287.0% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after buying an additional 1,284,400 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 5.6%

Shares of NYSE U opened at $28.21 on Friday. The company has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $29.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The firm has a market cap of $12.31 billion, a PE ratio of -17.97, a price-to-earnings-growth ratio of 3.61 and a beta of 2.06.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lifted their target price on Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Citizens Jmp restated a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a research note on Friday, March 27th. UBS Group lifted their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley upped their price objective on shares of Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Finally, BTIG Research increased their price objective on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.71.

Insider Transactions at Unity Software

In other news, CFO Jarrod Yahes sold 24,021 shares of the firm’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 $652,890.78. Following the completion of the transaction, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Unity Software stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This trade represents a 8.19% decrease in their position. 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 90 days, insiders sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is currently owned by insiders.

About Unity Software

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.