Unity Software Inc. (NYSE:U) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in Unity Software Inc. (NYSE:U) by 28.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,923 shares of the company’s stock after buying an additional 876 shares during the period. Venturi Wealth Management LLC’s holdings in Unity Software were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of U. Empowered Funds LLC purchased a new stake in Unity Software in the first quarter valued at approximately $331,000. Russell Investments Group Ltd. raised its position in Unity Software by 9.6% in the 1st quarter. Russell Investments Group Ltd. now owns 12,752 shares of the company’s stock valued at $340,000 after purchasing an additional 1,113 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Unity Software by 6.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 333,565 shares of the company’s stock worth $8,906,000 after purchasing an additional 20,997 shares during the period. Blair William & Co. IL grew its position in Unity Software by 16.8% during the 1st quarter. Blair William & Co. IL now owns 209,309 shares of the company’s stock worth $5,589,000 after purchasing an additional 30,099 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Unity Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after purchasing an additional 208,566 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Unity Software

In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated 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 directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The trade was a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Felix The sold 30,000 shares of the firm’s 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 in the company, valued at approximately $7,579,617.31. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,600 shares of company stock valued at $5,714,000. Insiders own 6.30% of the company’s stock.

Unity Software Stock Down 1.5 %

Unity Software stock opened at $18.84 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of -9.24 and a beta of 2.29. The stock’s fifty day moving average is $20.61 and its two-hundred day moving average is $18.86. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.41.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Needham & Company LLC lifted their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” 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 company an “equal weight” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.35.

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.