Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Unity Software Inc. (NYSE:U – Free Report) by 41.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 153,533 shares of the company’s stock after buying an additional 44,849 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Unity Software were worth $3,718,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CX Institutional purchased a new stake in Unity Software in the 2nd quarter worth $25,000. Banque Transatlantique SA acquired a new stake in shares of Unity Software in the first quarter valued at about $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Unity Software in the second quarter valued at about $28,000. Allworth Financial LP raised its position in shares of Unity Software by 28.4% during the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Unity Software by 171.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,301 shares of the company’s stock worth $84,000 after purchasing an additional 2,715 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Unity Software Stock Up 1.4%
NYSE U opened at $43.12 on Tuesday. The business’s fifty day simple moving average is $38.89 and its 200-day simple moving average is $34.42. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The firm has a market cap of $18.45 billion, a PE ratio of -41.06 and a beta of 2.04. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $46.94.
Wall Street Analyst Weigh In
Several research firms recently issued reports on U. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Citigroup lifted their price target on Unity Software from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. BTIG Research upgraded Unity Software from a “sell” rating to a “neutral” rating in a research report on Friday, October 31st. Hsbc Global Res lowered Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, UBS Group lifted their target price on shares of Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.71.
Get Our Latest Stock Report on U
Insider Buying and Selling at Unity Software
In other Unity Software news, COO Alexander Blum sold 40,693 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $1,683,876.34. Following the completion of the sale, the chief operating officer owned 563,118 shares of the company’s stock, valued at $23,301,822.84. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shlomo Dovrat sold 30,000 shares of Unity Software stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $42.87, for a total value of $1,286,100.00. Following the completion of the sale, the director owned 159,089 shares in the company, valued at $6,820,145.43. This represents a 15.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,254,670 shares of company stock worth $96,912,044. Insiders own 3.61% of the company’s stock.
Unity Software Company 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.
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