Tredje AP fonden Has $701,000 Stake in Unity Software Inc. (NYSE:U)

Tredje AP fonden lowered its holdings in Unity Software Inc. (NYSE:U) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,131 shares of the company’s stock after selling 690 shares during the quarter. Tredje AP fonden’s holdings in Unity Software were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of U. Capital International Investors grew its holdings in shares of Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after buying an additional 6,376,034 shares during the last quarter. Capital Research Global Investors boosted its stake in Unity Software by 510.2% during the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock valued at $293,658,000 after purchasing an additional 6,004,655 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock valued at $302,419,000 after purchasing an additional 2,787,058 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Unity Software by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after purchasing an additional 2,777,884 shares in the last quarter. Finally, Contour Asset Management LLC raised its stake in shares of Unity Software by 77.8% in the fourth quarter. Contour Asset Management LLC now owns 4,091,289 shares of the company’s stock worth $167,293,000 after purchasing an additional 1,790,326 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Activity

In other news, SVP Felix The sold 30,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated 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 sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 285,472 shares of company stock worth $5,778,479. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Wedbush upped their target price on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Stifel Nicolaus increased their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Needham & Company LLC cut their price target on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.46.

Unity Software Trading Up 2.6 %

Shares of U stock opened at $20.81 on Friday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The company’s fifty day simple moving average is $16.87 and its two-hundred day simple moving average is $20.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of -9.29 and a beta of 2.25.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The business had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) EPS. As a group, analysts anticipate that Unity Software Inc. will post -1.86 earnings per share for the current year.

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.