Sumitomo Mitsui Trust Group Inc. Decreases Position in Unity Software Inc. (NYSE:U)

Sumitomo Mitsui Trust Group Inc. reduced its stake in Unity Software Inc. (NYSE:U) by 26.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,689,385 shares of the company’s stock after selling 2,725,986 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 1.94% of Unity Software worth $173,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Unity Software during the first quarter worth approximately $65,000. Finally, Blue Trust Inc. increased its holdings in shares of Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Felix The sold 30,000 shares of the firm’s 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 $7,579,617.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is owned by company insiders.

Unity Software Stock Performance

Shares of U opened at $19.21 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54. The company has a 50-day simple moving average of $20.49 and a 200-day simple moving average of $18.89.

Analyst Ratings Changes

A number of brokerages recently weighed in on U. The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Wedbush increased their target price on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC boosted their price target on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus boosted their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.35.

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.