13,710 Shares in Unity Software Inc. (NYSE:U) Acquired by Greenleaf Trust

Greenleaf Trust purchased a new stake in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,710 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds have also modified their holdings of U. Capital International Investors lifted its holdings in shares of 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 buying an additional 6,376,034 shares during the last quarter. Nikko Asset Management Americas Inc. raised its position 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 valued at $302,419,000 after acquiring an additional 2,787,058 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Unity Software by 30.4% during 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 acquiring an additional 2,777,884 shares in the last quarter. Capital Research Global Investors lifted its stake in Unity Software by 18.7% in the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after acquiring an additional 1,342,787 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Unity Software by 35.0% in the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after acquiring an additional 507,274 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE U opened at $19.72 on Friday. The company’s fifty day moving average is $19.64 and its two-hundred day moving average is $19.17. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of -8.80 and a beta of 2.28.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share 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 business had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period last year, the business earned ($0.26) earnings per share. The firm’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities research analysts forecast that Unity Software Inc. will post -1.86 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,106 shares of company stock valued at $5,739,195. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on U shares. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. The Goldman Sachs Group cut their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research report on Tuesday, September 3rd. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Finally, Needham & Company LLC decreased their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.63.

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.