Unity Software Inc. (NYSE:U) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in Unity Software Inc. (NYSE:UGet Rating) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,490 shares of the company’s stock after selling 1,771 shares during the period. Advisors Asset Management Inc.’s holdings in Unity Software were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of U. Clearbridge Investments LLC increased its holdings in shares of Unity Software by 2,365.2% during the 1st quarter. Clearbridge Investments LLC now owns 4,420,370 shares of the company’s stock worth $438,545,000 after buying an additional 4,241,060 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Unity Software by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 17,279,116 shares of the company’s stock worth $1,714,261,000 after buying an additional 2,531,507 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Unity Software by 30.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,525,506 shares of the company’s stock worth $240,269,000 after buying an additional 1,524,282 shares during the last quarter. SC US Ttgp LTD. increased its holdings in shares of Unity Software by 5.5% during the 1st quarter. SC US Ttgp LTD. now owns 24,652,204 shares of the company’s stock worth $2,445,745,000 after buying an additional 1,290,472 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Unity Software by 23.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 6,037,449 shares of the company’s stock worth $220,971,000 after buying an additional 1,160,409 shares during the last quarter. Institutional investors and hedge funds own 77.37% of the company’s stock.

Unity Software Price Performance

Shares of U opened at $34.68 on Monday. Unity Software Inc. has a twelve month low of $21.22 and a twelve month high of $199.57. The firm’s fifty day simple moving average is $31.76 and its 200-day simple moving average is $38.28. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of -12.89 and a beta of 1.77. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

U has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Unity Software from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson lowered their price objective on shares of Unity Software from $60.00 to $40.00 in a research report on Thursday, November 10th. BTIG Research lowered their price objective on shares of Unity Software from $68.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Citigroup lowered their price objective on shares of Unity Software from $68.00 to $61.00 in a research report on Thursday, August 18th. Finally, Bank of America began coverage on shares of Unity Software in a research report on Friday, September 30th. They set a “neutral” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.06.

Insider Activity

In related news, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $29,225.99. Following the sale, the chief marketing officer now directly owns 219,600 shares in the company, valued at approximately $8,052,732. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Unity Software news, CFO Luis Felipe Visoso sold 9,894 shares of Unity Software stock in a transaction on Friday, August 26th. The shares were sold at an average price of $45.94, for a total value of $454,530.36. Following the transaction, the chief financial officer now directly owns 314,251 shares in the company, valued at $14,436,690.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $29,225.99. Following the completion of the transaction, the chief marketing officer now owns 219,600 shares in the company, valued at $8,052,732. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,831 shares of company stock worth $836,315. 6.90% of the stock is currently owned by corporate insiders.

Unity Software Company Profile

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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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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