Unity Software Inc. (NYSE:U) Stock Holdings Decreased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its stake in Unity Software Inc. (NYSE:U - Free Report) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,081 shares of the company's stock after selling 51,387 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Unity Software were worth $1,869,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in U. GAMMA Investing LLC increased its position in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after buying an additional 411 shares in the last quarter. Principal Securities Inc. increased its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Farther Finance Advisors LLC raised its position in Unity Software by 3.5% during the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock worth $324,000 after acquiring an additional 488 shares during the last quarter. Tidal Investments LLC raised its position in Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after acquiring an additional 723 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after purchasing an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

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Insider Transactions at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares of the company's stock, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Alexander Blum sold 1,479 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at $12,520,068.48. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock valued at $20,849,425 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Unity Software Trading Up 2.5 %

Unity Software stock traded up $0.52 during midday trading on Friday, reaching $21.55. The stock had a trading volume of 7,846,393 shares, compared to its average volume of 10,558,774. The stock has a market capitalization of $8.83 billion, a PE ratio of -12.82 and a beta of 2.27. 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 stock's 50-day simple moving average is $22.56 and its 200 day simple moving average is $22.02. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on U shares. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Needham & Company LLC upped their price objective on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Tuesday, March 11th. Finally, Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus target price of $25.61.

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.