Van ECK Associates Corp Has $34.77 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Van ECK Associates Corp decreased its holdings in Unity Software Inc. (NYSE:U) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,547,422 shares of the company’s stock after selling 397,151 shares during the quarter. Van ECK Associates Corp owned 0.38% of Unity Software worth $34,771,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in U. GAMMA Investing LLC grew its holdings in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. R Squared Ltd bought a new stake in Unity Software during the 4th quarter worth about $30,000. Planning Capital Management Corp bought a new stake in Unity Software during the 3rd quarter worth about $34,000. Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter worth about $43,000. Finally, Versant Capital Management Inc grew its holdings in Unity Software by 186.9% during the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of NYSE:U opened at $21.57 on Friday. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of -10.57 and a beta of 2.32. The firm’s 50 day simple moving average is $22.85 and its 200 day simple moving average is $20.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $35.56.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on U. Wedbush reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, UBS Group raised their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.81.

Insiders Place Their Bets

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares in the company, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 681,154 shares of company stock worth $16,639,520. Company insiders own 6.30% of the company’s stock.

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.