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

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

Other large investors have also made changes to their positions in the company. Bouvel Investment Partners LLC lifted its position in shares of Unity Software by 56.3% during the 3rd quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock worth $805,000 after buying an additional 12,823 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Unity Software during the third quarter worth about $380,000. Venturi Wealth Management LLC lifted its holdings in shares of Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after acquiring an additional 876 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Unity Software by 6.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock valued at $2,532,000 after purchasing an additional 6,689 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Unity Software by 678.8% during the 3rd quarter. Covestor Ltd now owns 4,143 shares of the company’s stock valued at $94,000 after purchasing an additional 3,611 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction dated 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 owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 530,800 shares of company stock valued at $10,080,664. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on U shares. Needham & Company LLC raised their target price on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, September 3rd. Barclays boosted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wedbush increased their target price on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Macquarie boosted their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $23.35.

Unity Software Trading Up 10.0 %

U opened at $19.79 on Wednesday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a fifty day moving average of $20.75 and a 200-day moving average of $18.65. The stock 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.

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.