Sumitomo Mitsui Trust Holdings Inc. Has $373.39 Million Stake in Unity Software Inc. (NYSE:U)

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,131,625 shares of the company's stock after buying an additional 1,170,058 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 2.40% of Unity Software worth $373,392,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of U. Front Row Advisors LLC increased its holdings in shares of Unity Software by 15,550.0% in the 2nd quarter. Front Row Advisors LLC now owns 626 shares of the company's stock valued at $27,000 after purchasing an additional 622 shares in the last quarter. Huntington National Bank increased its holdings in shares of Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company's stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. Pacifica Partners Inc. purchased a new position in shares of Unity Software in the 4th quarter valued at about $33,000. Impact Partnership Wealth LLC increased its holdings in shares of Unity Software by 1,151.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company's stock valued at $39,000 after purchasing an additional 1,151 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Unity Software by 373.7% in the 2nd quarter. IFP Advisors Inc now owns 919 shares of the company's stock valued at $40,000 after purchasing an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Trading Down 2.8 %

NYSE U traded down $0.74 during mid-day trading on Friday, hitting $25.31. The company's stock had a trading volume of 7,620,735 shares, compared to its average volume of 6,345,784. Unity Software Inc. has a 52-week low of $22.20 and a 52-week high of $50.08. The stock's fifty day simple moving average is $28.79 and its two-hundred day simple moving average is $30.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $9.77 billion, a P/E ratio of -11.72 and a beta of 2.42.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The firm had revenue of $609.27 million for the quarter, compared to analysts' expectations of $551.01 million. During the same quarter in the prior year, the business earned ($0.50) EPS. The company's revenue for the quarter was up 35.1% on a year-over-year basis. Research analysts expect that Unity Software Inc. will post -0.63 EPS for the current year.

Insider Transactions at Unity Software

In related news, SVP Anirma Gupta sold 756 shares of Unity Software stock in a transaction on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the sale, the chief marketing officer now owns 444,617 shares in the company, valued at $11,817,919.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anirma Gupta sold 756 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the sale, the senior vice president now owns 396,985 shares of the company's stock, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,723 shares of company stock valued at $9,577,516. Corporate insiders own 9.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Unity Software from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Piper Sandler raised shares of Unity Software from an "underweight" rating to a "neutral" rating and lowered their price objective for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. Barclays lowered their price objective on shares of Unity Software from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 27th. William Blair reissued an "outperform" rating on shares of Unity Software in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group increased their price objective on shares of Unity Software from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $37.03.

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.