Hel Ved Capital Management Ltd Has $4.84 Million Stock Position in Unity Software Inc. $U

Hel Ved Capital Management Ltd reduced its holdings in shares of Unity Software Inc. (NYSE:U) by 69.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 109,522 shares of the company’s stock after selling 249,258 shares during the period. Unity Software makes up 1.3% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 23rd largest holding. Hel Ved Capital Management Ltd’s holdings in Unity Software were worth $4,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Unity Software by 2.8% during the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after purchasing an additional 930,293 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Unity Software by 46.5% during the third quarter. Principal Financial Group Inc. now owns 211,686 shares of the company’s stock valued at $8,476,000 after purchasing an additional 67,219 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Unity Software by 10.8% during the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock valued at $39,118,000 after purchasing an additional 95,341 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Unity Software during the third quarter valued at about $4,727,000. Finally, WINTON GROUP Ltd bought a new position in shares of Unity Software during the third quarter valued at about $11,918,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the sale, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the sale, the senior vice president directly owned 309,445 shares in the company, valued at approximately $8,416,904. This represents a 0.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 198,321 shares of company stock valued at $5,390,783. Company insiders own 0.77% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $27.30 on Friday. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of -17.39, a P/E/G ratio of 3.42 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15. The firm’s 50-day simple moving average is $26.33 and its two-hundred day simple moving average is $30.75.

Analysts Set New Price Targets

U has been the topic of a number of recent analyst reports. BTIG Research raised their price target on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup dropped their price target on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Needham & Company LLC raised their price target on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Piper Sandler began coverage on shares of Unity Software in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and an average target price of $37.71.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.