Principal Financial Group Inc. Has $491,000 Stock Position in Unity Software Inc. (NYSE:U)

Principal Financial Group Inc. cut its holdings in shares of Unity Software Inc. (NYSE:U) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,706 shares of the company’s stock after selling 2,270 shares during the quarter. Principal Financial Group Inc.’s holdings in Unity Software were worth $491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its position in Unity Software by 35.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after buying an additional 507,274 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock valued at $23,929,000 after purchasing an additional 424,806 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Unity Software by 161.3% in the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock valued at $9,417,000 after purchasing an additional 357,500 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Unity Software by 187.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company’s stock worth $9,440,000 after buying an additional 230,696 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after buying an additional 200,008 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

U has been the subject of a number of analyst reports. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. The Goldman Sachs Group lowered their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Wedbush boosted their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company started coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.35.

Insider Transactions at Unity Software

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the sale, the director now owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 534,550 shares of company stock valued at $10,148,127. Corporate insiders own 6.30% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $23.53 on Monday. The stock has a market capitalization of $9.48 billion, a PE ratio of -11.53 and a beta of 2.29. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The business has a fifty day moving average price of $20.98 and a two-hundred day moving average price of $18.60.

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.