Janney Montgomery Scott LLC Lowers Stock Position in Unity Software Inc. (NYSE:U)

Janney Montgomery Scott LLC lowered its position in shares of Unity Software Inc. (NYSE:U) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,241 shares of the company’s stock after selling 10,354 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Unity Software were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in U. GAMMA Investing LLC increased its holdings in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Unity Software by 163.0% during the second 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 in the last quarter. Blue Trust Inc. increased its holdings in shares of Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Unity Software during the first quarter valued at $65,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity

In related news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,800 shares of company stock valued at $5,700,664. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on U shares. Benchmark lifted their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Macquarie lifted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Wells Fargo & Company started coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Stifel Nicolaus lifted their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and an average target price of $23.35.

Unity Software Stock Down 8.0 %

NYSE U opened at $17.34 on Monday. The stock’s 50 day moving average is $20.67 and its 200 day moving average is $18.72. The company has a current ratio of 2.41, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The stock has a market cap of $6.99 billion, a PE ratio of -8.50 and a beta of 2.29.

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.