J.P. Morgan Private Wealth Advisors LLC Trims Stock Position in Unity Software Inc. (NYSE:U)

J.P. Morgan Private Wealth Advisors LLC cut its stake in Unity Software Inc. (NYSE:UFree Report) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,942 shares of the company’s stock after selling 1,815 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Unity Software were worth $1,034,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of U. PNC Financial Services Group Inc. lifted its position in shares of Unity Software by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock worth $431,000 after purchasing an additional 350 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Unity Software in the first quarter worth about $967,000. Dimensional Fund Advisors LP lifted its holdings in shares of Unity Software by 91.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company’s stock worth $690,000 after purchasing an additional 3,313 shares during the period. Sei Investments Co. lifted its holdings in shares of Unity Software by 38.4% during the first quarter. Sei Investments Co. now owns 205,371 shares of the company’s stock worth $20,396,000 after purchasing an additional 56,958 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Unity Software by 684.9% during the first quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company’s stock worth $496,000 after purchasing an additional 4,363 shares during the period. 64.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Unity Software news, CFO Luis Felipe Visoso sold 3,334 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $30.00, for a total value of $100,020.00. Following the completion of the sale, the chief financial officer now directly owns 706,741 shares of the company’s stock, valued at approximately $21,202,230. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tomer Bar-Zeev sold 112,500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.31, for a total transaction of $3,634,875.00. Following the completion of the transaction, the insider now directly owns 1,350,332 shares in the company, valued at approximately $43,629,226.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Luis Felipe Visoso sold 3,334 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $30.00, for a total value of $100,020.00. Following the transaction, the chief financial officer now owns 706,741 shares of the company’s stock, valued at $21,202,230. The disclosure for this sale can be found here. Insiders sold 393,732 shares of company stock valued at $13,989,706 in the last three months. 9.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on U shares. Wedbush decreased their target price on Unity Software from $55.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price for the company. in a report on Monday. Piper Sandler reissued an “underweight” rating and issued a $35.00 price target (up from $20.00) on shares of Unity Software in a report on Tuesday, January 2nd. William Blair reissued an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, Jefferies Financial Group raised Unity Software from an “underperform” rating to a “hold” rating and decreased their price target for the company from $29.00 to $27.00 in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.88.

Get Our Latest Stock Analysis on Unity Software

Unity Software Stock Up 0.9 %

NYSE U opened at $34.11 on Tuesday. Unity Software Inc. has a one year low of $22.20 and a one year high of $50.08. The business has a fifty day moving average price of $35.64 and a 200 day moving average price of $33.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.35 and a quick ratio of 2.35.

About Unity Software

(Free Report)

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.

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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