Unity Software Inc. (NYSE:U) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. lifted its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 33.6% in the 4th 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. Whipplewood Advisors LLC purchased a new position in shares of Unity Software in the 4th quarter valued at $40,000. Finally, Jones Financial Companies Lllp raised its stake in Unity Software by 144.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after acquiring an additional 1,125 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on U shares. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley lifted their price target on Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Needham & Company LLC increased their price objective on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Ten investment 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 data from MarketBeat, Unity Software presently has a consensus rating of "Moderate Buy" and an average target price of $25.32.

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Unity Software Price Performance

Shares of U traded down $2.73 during mid-day trading on Thursday, hitting $18.18. The company's stock had a trading volume of 12,611,699 shares, compared to its average volume of 10,694,469. 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 1-year low of $13.90 and a 1-year high of $30.88. The firm has a market capitalization of $7.45 billion, a P/E ratio of -10.82 and a beta of 2.27. The firm has a 50-day simple moving average of $22.46 and a 200 day simple moving average of $22.31.

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

Insider Transactions at Unity Software

In related news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares in the company, valued at $12,520,068.48. The trade was a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 781,903 shares of company stock valued at $17,934,432 in the last quarter. 6.30% of the stock is currently owned by corporate 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.