Janus Henderson Group PLC Acquires 97,889 Shares of Unity Software Inc. (NYSE:U)

Janus Henderson Group PLC boosted its stake in Unity Software Inc. (NYSE:U - Free Report) by 463.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,000 shares of the company's stock after purchasing an additional 97,889 shares during the quarter. Janus Henderson Group PLC's holdings in Unity Software were worth $2,691,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the third quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after purchasing an additional 1,389 shares during the period. Brooklyn Investment Group bought a new position in shares of Unity Software during the 3rd quarter worth $43,000. Finally, Blue Trust Inc. increased its holdings in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after acquiring an additional 2,359 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Performance

Shares of U stock traded down $0.44 on Thursday, reaching $26.12. The stock had a trading volume of 6,582,818 shares, compared to its average volume of 10,678,042. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The stock has a market cap of $10.52 billion, a P/E ratio of -12.80 and a beta of 2.33. The company has a 50 day simple moving average of $22.10 and a 200 day simple moving average of $19.01.

Wall Street Analyst Weigh In

U has been the subject of several analyst reports. UBS Group raised their target price on Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Wells Fargo & Company started coverage on shares of Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 price objective for the company. Wedbush upped their target price on Unity Software from $21.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Barclays boosted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.35.

Insider Buying and Selling

In other news, SVP Felix The sold 20,000 shares of the company's 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 completion of the transaction, the senior vice president now owns 391,960 shares of the company's stock, valued at $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now owns 4,248,146 shares of the company's stock, valued at $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 762,241 shares of company stock valued at $16,359,820. 6.30% of the stock is 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.