Pictet Asset Management Ltd. boosted its stake in shares of 2U, Inc. (NASDAQ:TWOU) by 545.8% during the second quarter, Holdings Channel reports. The firm owned 507,033 shares of the software maker’s stock after buying an additional 428,515 shares during the period. Pictet Asset Management Ltd.’s holdings in 2U were worth $21,676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TWOU. Lebenthal Lisanti Capital Growth LLC raised its position in shares of 2U by 56.1% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 15,707 shares of the software maker’s stock valued at $737,000 after buying an additional 5,647 shares during the period. Great West Life Assurance Co. Can raised its position in shares of 2U by 93.7% in the second quarter. Great West Life Assurance Co. Can now owns 5,811 shares of the software maker’s stock valued at $272,000 after buying an additional 2,811 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of 2U during the second quarter valued at approximately $414,000. Russell Investments Group Ltd. raised its position in shares of 2U by 540.5% in the second quarter. Russell Investments Group Ltd. now owns 406,412 shares of the software maker’s stock valued at $19,067,000 after buying an additional 342,963 shares during the period. Finally, US Bancorp DE raised its position in shares of 2U by 1.0% in the second quarter. US Bancorp DE now owns 17,354 shares of the software maker’s stock valued at $814,000 after buying an additional 169 shares during the period.

2U, Inc. (TWOU) opened at 46.09 on Friday. The company’s market capitalization is $2.21 billion. The company’s 50-day moving average price is $48.48 and its 200 day moving average price is $42.18. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $52.94.

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Several equities analysts have recently commented on the company. BidaskClub lowered 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price objective (up from $54.00) on shares of 2U in a research report on Thursday. Barrington Research increased their price objective on 2U to $56.00 and gave the company an “outperform” rating in a research report on Tuesday. Credit Suisse Group increased their price objective on 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Oppenheimer Holdings, Inc. increased their price objective on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $54.60.

In other 2U news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the sale, the director now directly owns 19,825 shares in the company, valued at $874,679. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy M. Haley sold 23,296 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the sale, the director now owns 23,454 shares in the company, valued at $931,358.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,796 shares of company stock worth $2,987,524. Company insiders own 8.40% of the company’s stock.

About 2U

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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