Quantinno Capital Management LP boosted its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 1,169.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,810 shares of the company's stock after purchasing an additional 183,146 shares during the period. Quantinno Capital Management LP's holdings in Unity Software were worth $4,497,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock valued at $37,806,000 after acquiring an additional 200,008 shares during the last quarter. Van ECK Associates Corp raised its holdings in Unity Software by 35.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $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% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after buying an additional 944,709 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock worth $23,929,000 after buying an additional 424,806 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of Unity Software by 7.1% in the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock worth $18,367,000 after acquiring an additional 53,541 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Oppenheimer restated a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Wedbush raised their target price on Unity Software from $21.00 to $27.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research report on Friday, November 8th. Morgan Stanley upgraded Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $23.35.
View Our Latest Analysis on Unity Software
Unity Software Trading Up 0.3 %
Unity Software stock traded up $0.09 during trading hours on Friday, reaching $27.72. 16,229,834 shares of the company were exchanged, compared to its average volume of 13,664,366. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $21.69 and a 200 day moving average of $18.81.
Insider Activity at Unity Software
In related news, Director Tomer Bar-Zeev sold 210,000 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now directly owns 967,650 shares in the company, valued at $25,381,459.50. This represents a 17.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Felix The sold 11,719 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the sale, the senior vice president now owns 411,960 shares in the company, valued at $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 764,381 shares of company stock worth $16,140,023. 6.30% of the stock is owned by insiders.
Unity Software 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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