Thrivent Financial For Lutherans purchased a new stake in shares of 2U, Inc. (NASDAQ:TWOU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 146,570 shares of the software maker’s stock, valued at approximately $6,877,000. Thrivent Financial For Lutherans owned about 0.31% of 2U at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Nationwide Fund Advisors lifted its holdings in shares of 2U by 74.5% during the 1st quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock valued at $1,585,000 after buying an additional 17,066 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 2U by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock valued at $131,109,000 after buying an additional 104,328 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of 2U during the 1st quarter valued at about $9,977,000. Cortina Asset Management LLC acquired a new stake in shares of 2U during the 1st quarter valued at about $2,342,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 2U by 105.6% during the 1st quarter. Bank of New York Mellon Corp now owns 474,297 shares of the software maker’s stock valued at $18,810,000 after buying an additional 243,634 shares during the last quarter.
2U, Inc. (TWOU) opened at 54.93 on Friday. 2U, Inc. has a 12 month low of $29.23 and a 12 month high of $55.24. The company’s market capitalization is $2.63 billion. The firm has a 50-day moving average price of $50.19 and a 200 day moving average price of $45.15.
Several equities research analysts recently weighed in on TWOU shares. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price (up from $54.00) on shares of 2U in a report on Thursday, August 10th. Needham & Company LLC boosted their target price on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. KeyCorp restated an “overweight” rating and issued a $50.00 target price on shares of 2U in a report on Monday, July 10th. Oppenheimer Holdings, Inc. boosted their target price on 2U from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.27.
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In related news, Director John M. Larson sold 150,000 shares of the stock in a transaction 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 transaction, the director now owns 16,065 shares of the company’s stock, valued at $751,681.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the completion of the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.
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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