Victory Capital Management Inc. Has $809,000 Stake in Unity Software Inc. (NYSE:U)

Victory Capital Management Inc. trimmed its stake in shares of Unity Software Inc. (NYSE:U) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,747 shares of the company’s stock after selling 954 shares during the period. Victory Capital Management Inc.’s holdings in Unity Software were worth $809,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position 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 worth $28,000 after purchasing an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Advisors Asset Management Inc. lifted its holdings in Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after buying an additional 562 shares during the period. Blue Trust Inc. lifted its holdings in Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays increased their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Benchmark raised their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Wedbush raised their target price on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.35.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Felix The sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 554,381 shares of company stock valued at $10,631,723. 6.30% of the stock is owned by insiders.

Unity Software Price Performance

U stock opened at $23.48 on Thursday. The firm has a market cap of $9.46 billion, a P/E ratio of -11.51 and a beta of 2.29. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $21.18 and its two-hundred day moving average price is $18.64. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54.

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.