KBC Group NV Sells 17,099 Shares of Unity Software Inc. (NYSE:U)

KBC Group NV lessened its holdings in shares of Unity Software Inc. (NYSE:U) by 53.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,653 shares of the company’s stock after selling 17,099 shares during the quarter. KBC Group NV’s holdings in Unity Software were worth $331,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of U. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Unity Software by 163.0% in the 2nd 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. Blue Trust Inc. lifted its stake in Unity Software by 308.8% during 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 in the last quarter. Advisors Asset Management Inc. boosted its holdings in Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Unity Software during the 1st quarter worth $65,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on U shares. Benchmark increased their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. UBS Group lifted their target price on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company started coverage on Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. Needham & Company LLC increased 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. Finally, Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $23.35.

Unity Software Price Performance

NYSE U opened at $19.79 on Wednesday. The company has a market cap of $7.97 billion, a PE ratio of -9.70 and a beta of 2.29. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s 50-day simple moving average is $20.75 and its two-hundred day simple moving average is $18.65. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 530,800 shares of company stock valued at $10,080,664 over the last quarter. Company insiders own 6.30% of the company’s stock.

Unity Software 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.