Skandinaviska Enskilda Banken AB publ Trims Stock Position in Unity Software Inc. (NYSE:U)

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Unity Software Inc. (NYSE:UFree Report) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 135,114 shares of the company’s stock after selling 487 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Unity Software were worth $4,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Blair William & Co. IL grew its position in Unity Software by 1.2% during the 3rd quarter. Blair William & Co. IL now owns 241,842 shares of the company’s stock worth $7,591,000 after purchasing an additional 2,823 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Unity Software by 69.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,431,829 shares of the company’s stock worth $76,335,000 after purchasing an additional 998,467 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Unity Software by 5.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,244 shares of the company’s stock valued at $604,000 after acquiring an additional 983 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Unity Software by 32.4% in the third quarter. Shell Asset Management Co. now owns 212,895 shares of the company’s stock valued at $6,683,000 after acquiring an additional 52,158 shares in the last quarter. 64.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Anirma Gupta sold 38,107 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $28.18, for a total value of $1,073,855.26. Following the completion of the transaction, the senior vice president now owns 403,586 shares of the company’s stock, valued at $11,373,053.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Tomer Bar-Zeev sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $40.92, for a total value of $6,138,000.00. Following the completion of the sale, the insider now directly owns 1,200,332 shares in the company, valued at $49,117,585.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Anirma Gupta sold 38,107 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $28.18, for a total transaction of $1,073,855.26. Following the completion of the sale, the senior vice president now owns 403,586 shares of the company’s stock, valued at $11,373,053.48. The disclosure for this sale can be found here. Insiders sold a total of 393,732 shares of company stock valued at $13,989,706 over the last 90 days. Insiders own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on U. Jefferies Financial Group raised shares of Unity Software from an “underperform” rating to a “hold” rating and lowered their target price for the company from $29.00 to $27.00 in a report on Thursday, October 19th. HSBC began coverage on shares of Unity Software in a report on Monday, December 18th. They issued a “hold” rating and a $37.00 target price on the stock. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a report on Monday. Wolfe Research cut shares of Unity Software from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 13th. Finally, Morgan Stanley reduced their price objective on shares of Unity Software from $40.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $38.88.

Check Out Our Latest Stock Report on U

Unity Software Stock Performance

NYSE:U opened at $34.11 on Tuesday. The firm has a 50 day simple moving average of $35.64 and a 200-day simple moving average of $33.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $12.96 billion, a PE ratio of -14.70 and a beta of 2.52. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software Company Profile

(Free Report)

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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