MML Investors Services LLC Reduces Position in Unity Software Inc. (NYSE:U)

Posted by Defense World Staff on Mar 2nd, 2023

MML Investors Services LLC trimmed its position in Unity Software Inc. (NYSE:U – Get Rating) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,620 shares of the company’s stock after selling 15,586 shares during the quarter. MML Investors Services LLC’s holdings in Unity Software were worth $1,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of U. PNC Financial Services Group Inc. lifted its holdings in shares of Unity Software by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock worth $431,000 after buying an additional 350 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Unity Software in the first quarter worth about $967,000. Dimensional Fund Advisors LP lifted its holdings in shares of Unity Software by 91.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,954 shares of the company’s stock worth $690,000 after buying an additional 3,313 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Unity Software by 38.4% in the first quarter. Sei Investments Co. now owns 205,371 shares of the company’s stock worth $20,396,000 after buying an additional 56,958 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Unity Software by 684.9% in the first quarter. Canada Pension Plan Investment Board now owns 5,000 shares of the company’s stock worth $496,000 after buying an additional 4,363 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

Shares of Unity Software stock opened at $29.71 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.41 and a current ratio of 2.34. Unity Software Inc. has a 52-week low of $21.22 and a 52-week high of $109.99. The company’s 50 day moving average price is $33.01 and its 200-day moving average price is $34.41.

Analysts Set New Price Targets

U has been the topic of a number of recent analyst reports. BTIG Research downgraded shares of Unity Software from a “buy” rating to a “neutral” rating in a research note on Thursday, December 8th. Wedbush lowered their target price on shares of Unity Software from $70.00 to $45.00 in a research note on Thursday, November 10th. DA Davidson raised their target price on shares of Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Benchmark lowered their target price on shares of Unity Software to $16.00 in a research note on Tuesday, November 15th. Finally, Needham & Company LLC raised their target price on shares of Unity Software from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $39.79.

Insider Transactions at Unity Software

In related news, SVP Marc Whitten sold 3,889 shares of Unity Software stock in a transaction on Monday, February 27th. The shares were sold at an average price of $30.27, for a total value of $117,720.03. Following the sale, the senior vice president now owns 677,682 shares in the company, valued at $20,513,434.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $32.03, for a total value of $25,527.91. Following the sale, the chief marketing officer now owns 432,976 shares in the company, valued at $13,868,221.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marc Whitten sold 3,889 shares of Unity Software stock in a transaction on Monday, February 27th. The shares were sold at an average price of $30.27, for a total transaction of $117,720.03. Following the completion of the sale, the senior vice president now owns 677,682 shares in the company, valued at approximately $20,513,434.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,422 shares of company stock worth $1,346,973. Insiders own 6.90% of the company’s stock.

Unity Software Profile

(Get Rating)

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.