Mitsubishi UFJ Asset Management Co. Ltd. Sells 21,539 Shares of Unity Software Inc. (NYSE:U)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,689 shares of the company's stock after selling 21,539 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Unity Software worth $5,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after buying an additional 411 shares during the period. Principal Securities Inc. grew its position in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after purchasing an additional 488 shares during the period. Tidal Investments LLC lifted its holdings in Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after purchasing an additional 723 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after purchasing an additional 1,125 shares during the period. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Trading Down 6.8 %

Shares of U stock traded down $1.25 during trading hours on Friday, reaching $16.95. The company's stock had a trading volume of 13,013,421 shares, compared to its average volume of 10,763,201. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The stock has a market capitalization of $6.94 billion, a P/E ratio of -10.09 and a beta of 2.31. The firm's fifty day simple moving average is $22.25 and its 200 day simple moving average is $22.27.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on U shares. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Tuesday, March 11th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software currently has an average rating of "Moderate Buy" and an average price target of $25.32.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the sale, the director now directly owns 2,981,479 shares in the company, valued at approximately $59,748,839.16. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 781,903 shares of company stock worth $17,934,432. Corporate insiders own 6.30% of the company's stock.

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.