Skandinaviska Enskilda Banken AB publ Has $1.87 Million Holdings in Unity Software Inc. (NYSE:U)

Skandinaviska Enskilda Banken AB publ decreased its stake in shares of Unity Software Inc. (NYSE:U) by 38.2% in the 4th quarter, Holdings Channel reports. The fund owned 83,081 shares of the company’s stock after selling 51,387 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Unity Software were worth $1,869,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Unity Software during the 4th quarter worth about $30,000. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the period. GAMMA Investing LLC grew its holdings in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Unity Software in the 4th quarter valued at approximately $40,000. Finally, Brooklyn Investment Group bought a new stake in Unity Software in the 3rd quarter valued at approximately $43,000. 73.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group raised their target price on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 21st. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, February 21st. Macquarie started coverage on Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.61.

Insider Buying and Selling

In other news, COO Alexander Blum sold 1,479 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 863,309 shares of company stock worth $20,809,710. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Up 3.4 %

Unity Software stock opened at $21.48 on Tuesday. The stock has a market cap of $8.80 billion, a P/E ratio of -12.78 and a beta of 2.27. 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 Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company’s 50-day moving average price is $22.66 and its two-hundred day moving average price is $21.99.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

About Unity Software

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.