Entropy Technologies LP Has $3.12 Million Stock Position in Unity Software Inc. (NYSE:U)

Entropy Technologies LP cut its position in Unity Software Inc. (NYSE:U) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,737 shares of the company’s stock after selling 4,495 shares during the period. Entropy Technologies LP’s holdings in Unity Software were worth $3,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in U. Venturi Wealth Management LLC increased its holdings in shares of Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Unity Software by 6.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock worth $2,532,000 after buying an additional 6,689 shares during the last quarter. Covestor Ltd lifted its stake in shares of Unity Software by 678.8% in the third quarter. Covestor Ltd now owns 4,143 shares of the company’s stock valued at $94,000 after buying an additional 3,611 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Unity Software by 108.1% during the third quarter. Emerald Advisers LLC now owns 20,554 shares of the company’s stock worth $465,000 after acquiring an additional 10,679 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Unity Software by 4.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after acquiring an additional 538 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Felix The sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,600 shares of company stock valued at $5,714,000. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Down 1.5 %

U stock opened at $20.19 on Tuesday. The stock has a 50-day simple moving average of $20.49 and a two-hundred day simple moving average of $18.89. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The firm has a market capitalization of $8.01 billion, a PE ratio of -9.90 and a beta of 2.29. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70.

Analysts Set New Price Targets

Several analysts have recently commented on U shares. The Goldman Sachs Group lowered their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. UBS Group raised their price objective on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday. Wedbush raised their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus upped their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus 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.