FNY Investment Advisers LLC Sells 1,456 Shares of Unity Software Inc. (NYSE:U)

FNY Investment Advisers LLC reduced its stake in Unity Software Inc. (NYSE:U) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,000 shares of the company’s stock after selling 1,456 shares during the period. FNY Investment Advisers LLC’s holdings in Unity Software were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of U. Geode Capital Management LLC grew its holdings in shares of Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after buying an additional 200,008 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after buying an additional 944,709 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after acquiring an additional 53,541 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Unity Software by 161.3% in the second 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 in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Up 0.2 %

Shares of NYSE U opened at $22.00 on Thursday. The business has a fifty day moving average price of $23.02 and a 200 day moving average price of $19.98. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $8.86 billion, a P/E ratio of -10.78 and a beta of 2.32.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays lifted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $22.58.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 763,125 shares of company stock worth $17,491,339. Corporate insiders own 6.30% of the company’s stock.

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.