Nordea Investment Management AB Invests $6.54 Million in Unity Software Inc. $U

Nordea Investment Management AB bought a new stake in Unity Software Inc. (NYSE:U) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 270,407 shares of the company’s stock, valued at approximately $6,544,000. Nordea Investment Management AB owned approximately 0.07% of Unity Software at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Cornerstone Planning Group LLC grew its stake in shares of Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 1,212 shares during the period. CX Institutional bought a new position in Unity Software during the second quarter worth about $25,000. Banque Transatlantique SA bought a new stake in Unity Software in the 1st quarter valued at $28,000. GAMMA Investing LLC raised its position in Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $55,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock worth $72,000 after buying an additional 762 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $39.83, for a total value of $9,957,500.00. Following the transaction, the director directly owned 1,548,146 shares of the company’s stock, valued at $61,662,655.18. The trade was a 13.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jarrod Yahes sold 29,876 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $39.32, for a total value of $1,174,724.32. Following the completion of the sale, the chief financial officer owned 638,504 shares in the company, valued at $25,105,977.28. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,236,951 shares of company stock worth $95,081,659. 3.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on U. Arete lowered shares of Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Thursday, October 16th. The Goldman Sachs Group started coverage on shares of Unity Software in a research report on Wednesday, October 15th. They set a “neutral” rating and a $38.00 price target on the stock. Jefferies Financial Group increased their price objective on shares of Unity Software from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Wells Fargo & Company raised their target price on shares of Unity Software from $29.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Zacks Research lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $33.81.

Unity Software Trading Down 0.0%

Shares of U stock opened at $35.23 on Tuesday. The firm’s 50-day simple moving average is $40.21 and its 200-day simple moving average is $30.38. The firm has a market cap of $14.89 billion, a P/E ratio of -33.24 and a beta of 2.32. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $46.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73.

Unity Software (NYSE:U) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The company had revenue of $440.94 million for the quarter, compared to analyst estimates of $425.18 million. During the same period in the previous year, the business posted ($0.32) EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

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.