US Bancorp DE Buys 8,152 Shares of Unity Software Inc. (NYSE:U)

US Bancorp DE raised its stake in shares of Unity Software Inc. (NYSE:U) by 159.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,257 shares of the company’s stock after purchasing an additional 8,152 shares during the quarter. US Bancorp DE’s holdings in Unity Software were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital International Investors boosted its position in 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 period. Capital Research Global Investors boosted its position in Unity Software by 18.7% during the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after buying an additional 1,342,787 shares during the period. Van ECK Associates Corp grew its holdings in Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after acquiring an additional 507,274 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Unity Software by 40.6% in 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 acquiring an additional 424,806 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Unity Software by 161.3% during the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock valued at $9,417,000 after acquiring an additional 357,500 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Down 0.5 %

Shares of NYSE U opened at $19.12 on Thursday. The firm’s fifty day moving average is $20.54 and its two-hundred day moving average is $18.86. 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 2.41, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on U. Stifel Nicolaus boosted their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. The Goldman Sachs Group lowered their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Wedbush increased their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Unity Software has an average rating of “Hold” and an average target price of $23.35.

Insider Activity

In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software 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 completion of the transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Felix The sold 30,000 shares of the 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 sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated 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 transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is currently owned by insiders.

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.