Unity Software Inc. (NYSE:U) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lessened its stake in Unity Software Inc. (NYSE:U) by 90.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,293 shares of the company’s stock after selling 21,851 shares during the quarter. Plato Investment Management Ltd’s holdings in Unity Software were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in Unity Software during the third quarter worth $380,000. Venturi Wealth Management LLC increased its position in shares of Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after purchasing an additional 876 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Unity Software by 6.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock worth $2,532,000 after purchasing an additional 6,689 shares during the last quarter. Covestor Ltd lifted its position in Unity Software by 678.8% in the third quarter. Covestor Ltd now owns 4,143 shares of the company’s stock valued at $94,000 after buying an additional 3,611 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in Unity Software by 108.1% during the third quarter. Emerald Advisers LLC now owns 20,554 shares of the company’s stock worth $465,000 after buying an additional 10,679 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Down 8.0 %

Unity Software stock opened at $17.34 on Friday. The stock has a market cap of $6.99 billion, a PE ratio of -8.50 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.36. The stock’s fifty day moving average is $20.67 and its two-hundred day moving average is $18.80. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction 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 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 281,600 shares of company stock worth $5,714,000 over the last 90 days. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

U has been the topic of a number of research analyst reports. Benchmark boosted their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Finally, Needham & Company LLC lifted their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.35.

About Unity Software

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.