32,166 Shares in Unity Software Inc. (NYSE:U) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in shares of Unity Software Inc. (NYSE:U) during the third quarter, Holdings Channel reports. The fund bought 32,166 shares of the company’s stock, valued at approximately $728,000.

Several other hedge funds have also modified their holdings of U. Geode Capital Management LLC grew its position in Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Unity Software by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after buying an additional 200,008 shares in the last quarter. Van ECK Associates Corp raised its position in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after buying an additional 507,274 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Unity Software by 40.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after acquiring an additional 424,806 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Down 6.4 %

U opened at $24.44 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The business has a 50 day moving average price of $22.15 and a 200 day moving average price of $19.04. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. UBS Group increased their target price on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Benchmark lifted their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $23.35.

Insider Activity

In other news, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the transaction, the senior vice president now directly owns 391,960 shares in the company, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 7,860 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the transaction, the director now directly owns 10,493 shares of the company’s stock, valued at $277,539.85. This represents a 42.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 512,241 shares of company stock valued at $11,212,320 over the last 90 days. 6.30% of the stock is currently owned by company 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.