Unity Software Inc. (NYSE:U) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in Unity Software Inc. (NYSE:U) by 463.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,000 shares of the company’s stock after buying an additional 97,889 shares during the period. Janus Henderson Group PLC’s holdings in Unity Software were worth $2,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Unity Software by 56.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company’s stock worth $231,000 after purchasing an additional 5,128 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Unity Software during the second quarter worth about $215,000. Blue Trust Inc. increased its position in shares of Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after purchasing an additional 2,359 shares in the last quarter. Pasadena Private Wealth LLC acquired a new stake in shares of Unity Software during the second quarter worth about $211,000. Finally, Bank of New York Mellon Corp increased its position in shares of Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after purchasing an additional 424,806 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of NYSE:U opened at $26.55 on Thursday. The business’s 50 day simple moving average is $21.88 and its 200-day simple moving average is $18.90. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of -12.93 and a beta of 2.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54.

Insider Transactions at Unity Software

In related news, Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 754,381 shares of company stock valued at $16,151,923 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on U. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Wedbush raised their price target on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus raised their price target on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Needham & Company LLC raised their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Benchmark raised their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.