Victory Capital Management Inc. Has $809,000 Position in Unity Software Inc. (NYSE:U)

Victory Capital Management Inc. lessened its stake in shares of Unity Software Inc. (NYSE:U) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,747 shares of the company’s stock after selling 954 shares during the period. Victory Capital Management Inc.’s holdings in Unity Software were worth $809,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after acquiring an additional 200,008 shares during the period. Van ECK Associates Corp increased its stake in Unity Software by 35.0% during 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 in the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $23,929,000 after purchasing an additional 424,806 shares in the last quarter. Primecap Management Co. CA increased its stake in Unity Software by 13.8% during the 2nd quarter. Primecap Management Co. CA now owns 758,453 shares of the company’s stock valued at $12,332,000 after purchasing an additional 91,726 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Unity Software by 161.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock valued at $9,417,000 after purchasing an additional 357,500 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Benchmark boosted their price target on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Barclays boosted their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Macquarie upped their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Unity Software has an average rating of “Hold” and an average price target of $23.35.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.39, for a total transaction of $285,826.41. Following the sale, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.38, for a total transaction of $197,770.56. Following the sale, the chief financial officer now directly owns 454,866 shares in the company, valued at approximately $11,089,633.08. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 554,381 shares of company stock worth $10,631,723. 6.30% of the stock is owned by company insiders.

Unity Software Price Performance

U opened at $23.48 on Thursday. The firm has a market cap of $9.46 billion, a P/E ratio of -11.51 and a beta of 2.29. The firm has a 50-day moving average of $21.18 and a 200 day moving average of $18.64. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54.

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.