Skandinaviska Enskilda Banken AB publ Raises Position in Unity Software Inc. (NYSE:U)

Skandinaviska Enskilda Banken AB publ increased its holdings in Unity Software Inc. (NYSE:U) by 10.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,842 shares of the company’s stock after buying an additional 5,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Unity Software were worth $7,176,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wolff Wiese Magana LLC raised its position in shares of Unity Software by 25.8% in the third quarter. Wolff Wiese Magana LLC now owns 371 shares of the company’s stock worth $47,000 after buying an additional 76 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Unity Software by 3.4% during the third quarter. PNC Financial Services Group Inc. now owns 2,794 shares of the company’s stock valued at $352,000 after purchasing an additional 93 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Unity Software by 17.0% during the second quarter. Rockefeller Capital Management L.P. now owns 819 shares of the company’s stock valued at $89,000 after purchasing an additional 119 shares in the last quarter. Emfo LLC raised its position in Unity Software by 41.0% during the third quarter. Emfo LLC now owns 468 shares of the company’s stock valued at $59,000 after purchasing an additional 136 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its position in Unity Software by 67.1% during the third quarter. Lloyd Advisory Services LLC. now owns 421 shares of the company’s stock valued at $53,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 77.43% of the company’s stock.

U opened at $117.92 on Friday. The firm has a 50-day simple moving average of $153.53 and a two-hundred day simple moving average of $134.68. Unity Software Inc. has a 52 week low of $76.00 and a 52 week high of $210.00. The company has a market capitalization of $33.73 billion, a PE ratio of -71.90 and a beta of 2.29.

Unity Software (NYSE:U) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.27. Unity Software had a negative net margin of 44.77% and a negative return on equity of 19.10%. The business had revenue of $286.33 million during the quarter, compared to the consensus estimate of $266.14 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. As a group, analysts forecast that Unity Software Inc. will post -1.37 earnings per share for the current year.

In other Unity Software news, SVP Ingrid Lestiyo sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 26th. The shares were sold at an average price of $150.00, for a total value of $750,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Clive Downie sold 33,334 shares of the company’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $179.97, for a total transaction of $5,999,119.98. The disclosure for this sale can be found here. Insiders have sold a total of 1,798,010 shares of company stock worth $310,776,177 over the last 90 days. Corporate insiders own 19.00% of the company’s stock.

A number of equities research analysts have weighed in on the company. Barclays raised their price target on Unity Software from $105.00 to $162.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 10th. Oppenheimer raised their target price on Unity Software from $125.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 10th. Credit Suisse Group raised their target price on Unity Software from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 10th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $130.00 to $185.00 in a research note on Monday, December 13th. Finally, Zacks Investment Research raised Unity Software from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $161.83.

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.

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

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