Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Unity Software Inc. (NYSE:U)

Sumitomo Mitsui Trust Group Inc. decreased its position in Unity Software Inc. (NYSE:U - Free Report) by 26.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,689,385 shares of the company's stock after selling 2,725,986 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.94% of Unity Software worth $173,934,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital International Investors boosted its holdings in Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company's stock valued at $210,193,000 after acquiring an additional 6,376,034 shares during the period. Capital Research Global Investors lifted its position in Unity Software by 18.7% during the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company's stock worth $227,603,000 after buying an additional 1,342,787 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of 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 purchasing an additional 507,274 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock valued at $23,929,000 after acquiring an additional 424,806 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Unity Software by 161.3% during the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company's stock worth $9,417,000 after buying an additional 357,500 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective 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. Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Wedbush raised their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Morgan Stanley upgraded Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. Finally, The Goldman Sachs Group lowered their target price on Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of "Hold" and a consensus target price of $23.35.

Unity Software Stock Down 0.5 %

Shares of NYSE:U traded down $0.10 during midday trading on Wednesday, hitting $19.12. The company had a trading volume of 10,660,806 shares, compared to its average volume of 10,432,257. 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 2.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $20.54 and a 200 day simple moving average of $18.86.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company's stock, valued at $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is currently owned by insiders.

About Unity Software

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.