Rakuten Securities Inc. Has $200,000 Holdings in Unity Software Inc. (NYSE:U)

Rakuten Securities Inc. cut its position in Unity Software Inc. (NYSE:U) by 16.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,856 shares of the company’s stock after selling 1,799 shares during the quarter. Rakuten Securities Inc.’s holdings in Unity Software were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of U. Capital International Investors boosted its holdings in Unity Software by 426.1% in the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the period. Capital Research Global Investors boosted its holdings in Unity Software by 18.7% in the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after purchasing an additional 1,342,787 shares during the period. Van ECK Associates Corp boosted its holdings in Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after purchasing an additional 507,274 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Unity Software by 40.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after acquiring an additional 424,806 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Unity Software by 161.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock worth $9,417,000 after acquiring an additional 357,500 shares during the period. 73.46% of the stock is owned by institutional investors.

Insider Transactions at Unity Software

In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on 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 completion of the sale, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on 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 completion of the sale, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 281,600 shares of company stock worth $5,714,000 in the last quarter. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on U shares. Stifel Nicolaus raised their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 price objective (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Trading Down 1.5 %

U opened at $20.19 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.01 billion, a PE ratio of -9.90 and a beta of 2.29. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The firm has a 50-day moving average price of $20.49 and a two-hundred day moving average price of $18.89.

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.