Skandinaviska Enskilda Banken AB publ Sells 51,387 Shares of Unity Software Inc. (NYSE:U)

Skandinaviska Enskilda Banken AB publ lowered its holdings in Unity Software Inc. (NYSE:U) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,081 shares of the company’s stock after selling 51,387 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Unity Software were worth $1,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in U. Swiss National Bank boosted its stake in Unity Software by 2.1% in the 4th quarter. Swiss National Bank now owns 546,400 shares of the company’s stock valued at $12,278,000 after buying an additional 11,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Unity Software by 366.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock valued at $43,505,000 after acquiring an additional 1,521,165 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Unity Software by 124.1% in the 4th quarter. Rakuten Securities Inc. now owns 19,850 shares of the company’s stock valued at $446,000 after purchasing an additional 10,994 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Unity Software by 3.5% in the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after purchasing an additional 488 shares during the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Unity Software during the 4th quarter worth about $1,591,000. Institutional investors own 73.46% of the company’s stock.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Helgason sold 38,924 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $25.84, for a total transaction of $1,005,796.16. Following the completion of the transaction, the director now directly owns 7,750,646 shares of the company’s stock, valued at $200,276,692.64. This trade represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 863,309 shares of company stock worth $20,809,710. Insiders own 6.30% of the company’s stock.

Unity Software Trading Up 3.4 %

U opened at $21.48 on Tuesday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The company has a market cap of $8.80 billion, a price-to-earnings ratio of -12.78 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a 50 day simple moving average of $22.66 and a 200 day simple moving average of $21.99.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Macquarie initiated coverage on Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 price target on the stock. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.61.

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.