Penserra Capital Management LLC Has $1.40 Million Holdings in Unity Software Inc. (NYSE:U)

Penserra Capital Management LLC cut its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 57.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,749 shares of the company's stock after selling 84,741 shares during the period. Penserra Capital Management LLC's holdings in Unity Software were worth $1,396,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Unity Software by 100.4% in 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 acquiring an additional 944,709 shares during the period. Van ECK Associates Corp grew its holdings in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $31,805,000 after purchasing an additional 507,274 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 worth $23,929,000 after purchasing an additional 424,806 shares during the period. Canada Pension Plan Investment Board increased its position in 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. Finally, CIBC Asset Management Inc raised its stake in Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after buying an additional 330,088 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of U traded up $0.12 during mid-day trading on Wednesday, reaching $23.48. The company had a trading volume of 6,174,619 shares, compared to its average volume of 10,596,975. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -11.51 and a beta of 2.29. 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 50 day simple moving average is $21.18 and its 200 day simple moving average is $18.64. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54.

Analyst Upgrades and Downgrades

U has been the subject of a number of research analyst reports. Benchmark lifted their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research report on Friday, November 8th. Macquarie lifted their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Oppenheimer restated a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Finally, Wedbush upped their target price on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus price target of $23.35.

Insider Buying and Selling

In other news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 554,381 shares of company stock worth $10,631,723 in the last 90 days. Insiders own 6.30% of the company's stock.

Unity Software Company Profile

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.