DekaBank Deutsche Girozentrale Increases Stock Holdings in Unity Software Inc. (NYSE:U)

DekaBank Deutsche Girozentrale boosted its stake in Unity Software Inc. (NYSE:U) by 13.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,568 shares of the company’s stock after acquiring an additional 3,727 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Unity Software were worth $691,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. purchased a new stake in Unity Software during the 1st quarter worth approximately $207,000. Principal Financial Group Inc. lifted its holdings in Unity Software by 12.9% in the 1st quarter. Principal Financial Group Inc. now owns 26,269 shares of the company’s stock valued at $701,000 after purchasing an additional 2,999 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Unity Software by 6.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 289,686 shares of the company’s stock worth $7,988,000 after purchasing an additional 18,160 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after purchasing an additional 2,787,058 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Unity Software by 295.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,398 shares of the company’s stock worth $331,000 after buying an additional 9,262 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unity Software 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 sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,600 shares of company stock valued at $5,714,000. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Stock Up 3.7 %

Unity Software stock opened at $20.83 on Friday. The company has a market capitalization of $8.27 billion, a PE ratio of -10.16 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The firm has a 50 day moving average price of $19.98 and a 200 day moving average price of $19.01.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. Research analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

U has been the topic of a number of recent research reports. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Benchmark lowered their target price on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Macquarie increased their price target on Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday, September 17th. The Goldman Sachs Group dropped their target price on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC reduced their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.35.

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.