Unity Software Inc. (NYSE:U) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Unity Software Inc. (NYSE:U) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,894 shares of the company’s stock after selling 812 shares during the period. Principal Financial Group Inc.’s holdings in Unity Software were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. grew its position in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the period. Rhumbline Advisers increased its stake in shares of Unity Software by 0.7% in the 4th quarter. Rhumbline Advisers now owns 314,852 shares of the company’s stock valued at $7,075,000 after purchasing an additional 2,122 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Unity Software by 64.3% in the 4th quarter. Vontobel Holding Ltd. now owns 50,250 shares of the company’s stock worth $1,129,000 after purchasing an additional 19,668 shares during the period. Hidden Cove Wealth Management LLC acquired a new stake in Unity Software in the fourth quarter valued at approximately $3,171,000. Finally, Augustine Asset Management Inc. acquired a new stake in Unity Software in the fourth quarter valued at approximately $337,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Helgason sold 38,924 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the transaction, the director now directly owns 7,828,494 shares in the company, valued at $210,743,058.48. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 872,397 shares of company stock valued at $21,047,619 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Unity Software Trading Down 9.0 %

Shares of Unity Software stock opened at $23.12 on Friday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. 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 stock has a market cap of $9.47 billion, a P/E ratio of -13.76 and a beta of 2.27. The stock’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $21.71.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

U has been the subject of several research analyst reports. Morgan Stanley upped their target price on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Needham & Company LLC upped their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.04.

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.