Swiss National Bank Trims Stock Holdings in Unity Software Inc. (NYSE:U)

Swiss National Bank lessened its holdings in Unity Software Inc. (NYSE:U - Free Report) by 32.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,100 shares of the company's stock after selling 261,200 shares during the period. Swiss National Bank owned approximately 0.13% of Unity Software worth $12,104,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of U. CIBC Asset Management Inc increased its position in Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after acquiring an additional 330,088 shares during the last quarter. Planning Capital Management Corp bought a new position in Unity Software during the third quarter valued at $34,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in Unity Software during the third quarter valued at $5,022,000. Bouvel Investment Partners LLC increased its position in Unity Software by 56.3% during the third quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock valued at $805,000 after acquiring an additional 12,823 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Unity Software during the third quarter valued at $380,000. Institutional investors own 73.46% of the company's stock.

Insider Activity

In related news, 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 owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. This trade represents a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares in the company, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 534,550 shares of company stock valued at $10,148,127 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Price Performance

U traded up $1.07 during trading on Friday, reaching $23.53. 17,355,534 shares of the company's stock were exchanged, compared to its average volume of 11,932,065. 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 fifty day simple moving average is $20.98 and its 200-day simple moving average is $18.63. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on U shares. Oppenheimer restated a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. Morgan Stanley upgraded shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 target price on the stock in a report on Tuesday, September 3rd. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Piper Sandler reiterated a "neutral" rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.35.

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.