Pacad Investment Ltd. trimmed its holdings in 2U, Inc. (NASDAQ:TWOU) by 90.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,135 shares of the software maker’s stock after selling 30,298 shares during the period. Pacad Investment Ltd.’s holdings in 2U were worth $147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TWOU. Teachers Advisors LLC raised its position in shares of 2U by 5.1% in the 4th quarter. Teachers Advisors LLC now owns 60,225 shares of the software maker’s stock valued at $1,816,000 after purchasing an additional 2,930 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of 2U by 74.5% in the 1st quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock valued at $1,585,000 after purchasing an additional 17,066 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 2U by 188.4% in the 1st quarter. Russell Investments Group Ltd. now owns 63,449 shares of the software maker’s stock valued at $2,515,000 after purchasing an additional 41,446 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of 2U by 10.2% in the 1st quarter. Wells Fargo & Company MN now owns 574,323 shares of the software maker’s stock valued at $22,777,000 after purchasing an additional 53,051 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of 2U by 16.3% in the 1st quarter. US Bancorp DE now owns 17,185 shares of the software maker’s stock valued at $681,000 after purchasing an additional 2,408 shares in the last quarter.

Shares of 2U, Inc. (NASDAQ:TWOU) opened at 53.43 on Friday. The firm’s market capitalization is $2.56 billion. The company’s 50 day moving average price is $50.04 and its 200 day moving average price is $44.80. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $55.24.

In other 2U news, Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the sale, the director now owns 16,065 shares in the company, valued at approximately $751,681.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.

TWOU has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Credit Suisse Group initiated coverage on 2U in a research report on Friday, September 8th. They issued an “outperform” rating and a $58.00 target price on the stock. Compass Point reaffirmed a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of 2U in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. upped their target price on 2U from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered 2U from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company. 2U has an average rating of “Buy” and a consensus target price of $55.27.

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2U Company Profile

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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