Unity Software Inc. (NYSE:U) Position Lessened by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in shares of Unity Software Inc. (NYSE:U) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,689 shares of the company’s stock after selling 21,539 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Unity Software worth $5,895,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Ariose Capital Management Ltd acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $42,662,000 after buying an additional 944,709 shares in the last quarter. Edgestream Partners L.P. increased its position in Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after acquiring an additional 88,955 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Unity Software during the 3rd quarter valued at $4,390,000. Finally, Jessup Wealth Management Inc acquired a new position in Unity Software during the 4th quarter worth $510,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on U shares. Barclays lifted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Wedbush reiterated an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Needham & Company LLC raised their price objective on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $25.32.

Insider Transactions at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,236 shares of company stock valued at $20,849,425 over the last quarter. Company insiders own 6.30% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $19.64 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a market cap of $8.05 billion, a PE ratio of -11.69 and a beta of 2.27. The stock’s 50-day moving average price is $22.54 and its two-hundred day moving average price is $22.32.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

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.