Vanguard Group Inc. increased its holdings in shares of 2U Inc (NASDAQ:TWOU) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,811,529 shares of the software maker’s stock after purchasing an additional 184,555 shares during the period. Vanguard Group Inc. owned approximately 8.38% of 2U worth $361,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of 2U during the 3rd quarter worth about $263,000. BlackRock Inc. lifted its position in shares of 2U by 4.1% during the 3rd quarter. BlackRock Inc. now owns 2,481,041 shares of the software maker’s stock worth $186,550,000 after purchasing an additional 98,822 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of 2U by 91.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,107,213 shares of the software maker’s stock worth $83,252,000 after purchasing an additional 528,454 shares during the last quarter. Legal & General Group Plc lifted its position in shares of 2U by 43.7% during the 2nd quarter. Legal & General Group Plc now owns 27,326 shares of the software maker’s stock worth $2,284,000 after purchasing an additional 8,305 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in shares of 2U by 109.5% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 684,454 shares of the software maker’s stock worth $51,464,000 after purchasing an additional 357,677 shares during the last quarter.

In other news, Director Gregory K. Peters purchased 9,761 shares of the business’s stock in a transaction on Monday, November 19th. The stock was purchased at an average price of $51.22 per share, with a total value of $499,958.42. Following the acquisition, the director now directly owns 11,156 shares in the company, valued at approximately $571,410.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.00% of the company’s stock.

Several equities analysts recently weighed in on TWOU shares. BidaskClub cut 2U from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. Needham & Company LLC started coverage on 2U in a research report on Tuesday, October 23rd. They set a “buy” rating and a $80.00 price objective for the company. ValuEngine cut 2U from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Piper Jaffray Companies cut their price objective on 2U to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, November 6th. Finally, KeyCorp cut their price objective on 2U from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, November 6th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $80.83.

2U stock opened at $53.02 on Friday. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -98.19 and a beta of 0.58. 2U Inc has a 12 month low of $44.50 and a 12 month high of $98.58.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.96 million during the quarter, compared to analysts’ expectations of $106.49 million. 2U had a negative return on equity of 7.51% and a negative net margin of 11.13%. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) EPS. As a group, analysts expect that 2U Inc will post -0.67 earnings per share for the current fiscal year.

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2U Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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

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