Quest Partners LLC Has $125,000 Stock Position in Unity Software Inc. (NYSE:U)

Quest Partners LLC decreased its position in Unity Software Inc. (NYSE:U - Free Report) by 81.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,532 shares of the company's stock after selling 24,388 shares during the quarter. Quest Partners LLC's holdings in Unity Software were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Magnetar Financial LLC bought a new stake in shares of Unity Software in the 2nd quarter valued at about $2,535,000. CIBC Asset Management Inc raised its position in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock worth $7,747,000 after buying an additional 330,088 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Unity Software by 187.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company's stock valued at $9,440,000 after purchasing an additional 230,696 shares during the period. Creative Planning boosted its stake in shares of Unity Software by 111.7% in the second quarter. Creative Planning now owns 135,195 shares of the company's stock worth $2,198,000 after buying an additional 71,325 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Unity Software during the first quarter worth $2,747,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

U has been the topic of several recent analyst reports. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective on the stock in a report on Tuesday, September 3rd. Stifel Nicolaus boosted their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a report on Friday, September 13th. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a research report on Friday, November 8th. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price for the company. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. 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 stock. According to MarketBeat.com, Unity Software has a consensus rating of "Hold" and an average target price of $23.35.

Unity Software Stock Performance

Shares of U stock traded up $0.64 during mid-day trading on Friday, reaching $24.11. The company's stock had a trading volume of 7,474,543 shares, compared to its average volume of 10,583,521. 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 company's 50 day simple moving average is $21.24 and its 200-day simple moving average is $18.67. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54.

Insider Activity at Unity Software

In other news, SVP Felix The sold 30,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 554,381 shares of company stock worth $10,631,723. Corporate insiders own 6.30% of the company's stock.

Unity Software Company 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.