Unity Software Inc. (NYSE:U) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,542,543 shares of the company's stock after selling 2,146,842 shares during the quarter. Unity Software makes up 1.3% of Nikko Asset Management Americas Inc.'s portfolio, making the stock its 18th largest position. Nikko Asset Management Americas Inc. owned 1.38% of Unity Software worth $124,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Ariose Capital Management Ltd purchased a new position in shares of Unity Software during the fourth quarter valued at $2,299,000. Charles Schwab Investment Management Inc. increased its position in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after purchasing an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Unity Software in the 3rd quarter worth approximately $611,000. Finally, Edgestream Partners L.P. boosted its stake in shares of Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after purchasing an additional 88,955 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Unity Software

In related news, CAO Mark Barrysmith sold 1,445 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the transaction, the chief accounting officer now directly owns 483,417 shares in the company, valued at $9,963,224.37. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 865,236 shares of company stock valued at $20,849,425. 6.30% of the stock is owned by insiders.

Unity Software Stock Performance

Shares of Unity Software stock traded up $0.52 on Friday, reaching $21.55. 7,849,644 shares of the stock were exchanged, compared to its average volume of 10,558,781. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The business has a 50 day moving average price of $22.56 and a two-hundred day moving average price of $22.02. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of -12.82 and a beta of 2.27.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on U. Wedbush restated an "outperform" rating and set a $27.00 target price on shares of Unity Software in a report on Thursday, February 13th. Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Finally, Macquarie began coverage on shares of Unity Software in a research report on Monday, March 10th. They set a "neutral" rating and a $24.00 target price for the company. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus target price of $25.61.

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.