Axa S.A. Has $372,000 Stock Holdings in Unity Software Inc. (NYSE:U)

Axa S.A. lowered its holdings in shares of Unity Software Inc. (NYSE:U) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 22,901 shares of the company’s stock after selling 1,450 shares during the period. Axa S.A.’s holdings in Unity Software were worth $372,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its position in Unity Software by 426.1% during the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the period. Capital Research Global Investors increased its position in shares of Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after buying an additional 6,004,655 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Unity Software by 32.6% during the first quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after buying an additional 2,787,058 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after buying an additional 2,777,884 shares during the period. Finally, Contour Asset Management LLC boosted its position in Unity Software by 77.8% during the fourth quarter. Contour Asset Management LLC now owns 4,091,289 shares of the company’s stock valued at $167,293,000 after acquiring an additional 1,790,326 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. In the last three months, insiders sold 283,906 shares of company stock valued at $5,753,611. 6.30% of the stock is owned by insiders.

Unity Software Trading Down 4.6 %

NYSE:U opened at $21.59 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The company has a market cap of $8.57 billion, a PE ratio of -9.64 and a beta of 2.25. The firm has a 50-day moving average of $17.61 and a 200-day moving average of $19.79.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same period in the previous year, the company posted ($0.26) EPS. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, equities research analysts expect that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Macquarie raised their price target on shares of Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.21.

Unity Software 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.