Mitsubishi UFJ Asset Management Co. Ltd. Has $12.78 Million Position in Unity Software Inc. (NYSE:U)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in Unity Software Inc. (NYSE:UFree Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,568 shares of the company’s stock after selling 16,168 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Unity Software worth $12,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of U. Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at approximately $27,000. Huntington National Bank boosted its holdings in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after buying an additional 778 shares during the period. GAMMA Investing LLC bought a new stake in shares of Unity Software during the fourth quarter worth $28,000. Pacifica Partners Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth $33,000. Finally, Principal Securities Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth $37,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $21.67 on Friday. The stock has a market cap of $8.47 billion, a PE ratio of -9.67 and a beta of 2.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $21.56 and a 12-month high of $50.08. The business’s 50-day moving average price is $25.00 and its two-hundred day moving average price is $30.05.

Unity Software (NYSE:UGet Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. During the same quarter in the prior year, the business earned ($0.50) EPS. The business’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on U. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $30.00 in a research report on Tuesday, February 27th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Macquarie lowered shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $33.50 price target on shares of Unity Software in a research report on Friday, May 10th. Finally, The Goldman Sachs Group decreased their price objective on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.38.

Get Our Latest Research Report on Unity Software

Insiders Place Their Bets

In related news, CMO Carol W. Carpenter sold 2,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total value of $48,360.00. Following the completion of the sale, the chief marketing officer now directly owns 442,617 shares in the company, valued at $10,702,479.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the transaction, the senior vice president now owns 298,948 shares of the company’s stock, valued at $9,730,757.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total value of $48,360.00. Following the completion of the transaction, the chief marketing officer now directly owns 442,617 shares of the company’s stock, valued at $10,702,479.06. The disclosure for this sale can be found here. Insiders have sold 338,917 shares of company stock valued at $9,460,820 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Unity Software Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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