Unity Software Inc. (NYSE:U) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in Unity Software Inc. (NYSE:U) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,841 shares of the company’s stock after selling 3,621 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Unity Software were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in U. Johnson Investment Counsel Inc. boosted its holdings in shares of Unity Software by 23.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 24,085 shares of the company’s stock valued at $392,000 after purchasing an additional 4,516 shares during the last quarter. Achmea Investment Management B.V. raised its position in shares of Unity Software by 204.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 85,120 shares of the company’s stock worth $1,384,000 after buying an additional 57,163 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Unity Software by 127.1% in the second quarter. Coldstream Capital Management Inc. now owns 139,235 shares of the company’s stock valued at $2,264,000 after acquiring an additional 77,934 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Unity Software by 15.4% during the second quarter. Daiwa Securities Group Inc. now owns 22,248 shares of the company’s stock valued at $362,000 after acquiring an additional 2,968 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Unity Software by 10.0% during the second quarter. Royal London Asset Management Ltd. now owns 133,762 shares of the company’s stock worth $2,175,000 after acquiring an additional 12,174 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $20.81 on Friday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.26 billion, a P/E ratio of -9.29 and a beta of 2.25. The stock has a 50 day moving average of $16.87 and a 200-day moving average of $20.10.

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

Wall Street Analysts Forecast Growth

U has been the subject of a number of research reports. Wedbush boosted their target price on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC dropped their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Macquarie lifted their target price on shares of Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday. Benchmark lowered their price target on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.46.

Insider Buying and Selling

In other news, Director David Helgason sold 250,000 shares of the business’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 value of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated Thursday, September 12th. The shares were 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 directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 285,472 shares of company stock worth $5,778,479. Corporate insiders own 6.30% of the company’s stock.

Unity Software 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.