Northern Trust Corp Grows Stake in 2U, Inc. (TWOU)

Northern Trust Corp lifted its stake in shares of 2U, Inc. (NASDAQ:TWOU) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 616,323 shares of the software maker’s stock after acquiring an additional 93,992 shares during the quarter. Northern Trust Corp owned 1.30% of 2U worth $28,918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of 2U by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,381 shares of the software maker’s stock worth $1,050,000 after acquiring an additional 1,450 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of 2U by 6.8% during the 2nd quarter. New York State Common Retirement Fund now owns 46,900 shares of the software maker’s stock worth $2,201,000 after acquiring an additional 2,974 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in shares of 2U during the 2nd quarter worth $6,877,000. Profund Advisors LLC boosted its stake in shares of 2U by 16.8% during the 2nd quarter. Profund Advisors LLC now owns 28,837 shares of the software maker’s stock worth $1,353,000 after acquiring an additional 4,157 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in shares of 2U during the 2nd quarter worth $262,000.

Shares of 2U, Inc. (NASDAQ:TWOU) opened at 60.49 on Friday. The stock has a 50 day moving average price of $55.51 and a 200 day moving average price of $48.09. 2U, Inc. has a 12 month low of $29.23 and a 12 month high of $60.92. The firm’s market cap is $2.90 billion.

COPYRIGHT VIOLATION NOTICE: “Northern Trust Corp Grows Stake in 2U, Inc. (TWOU)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/20/northern-trust-corp-grows-stake-in-2u-inc-twou.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised 2U from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Compass Point reissued a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $65.00 price objective (up from $55.00) on shares of 2U in a research note on Friday, October 6th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective (up from $62.00) on shares of 2U in a research note on Friday, October 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $66.00 price objective (up from $59.00) on shares of 2U in a research note on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.91.

In other 2U news, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $46.79, for a total transaction 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 accessible through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total transaction of $238,050.00. Following 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. Insiders own 8.40%

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of 2U by 6.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,381 shares of the software maker’s stock worth $1,050,000 after acquiring an additional 1,450 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of 2U by 6.8% during the 2nd quarter. New York State Common Retirement Fund now owns 46,900 shares of the software maker’s stock worth $2,201,000 after acquiring an additional 2,974 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in shares of 2U during the 2nd quarter worth $6,877,000. Profund Advisors LLC boosted its stake in shares of 2U by 16.8% during the 2nd quarter. Profund Advisors LLC now owns 28,837 shares of the software maker’s stock worth $1,353,000 after acquiring an additional 4,157 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in shares of 2U during the 2nd quarter worth $262,000.

Shares of 2U, Inc. (NASDAQ:TWOU) opened at 60.49 on Friday. The stock has a 50 day moving average price of $55.51 and a 200 day moving average price of $48.09. 2U, Inc. has a 12 month low of $29.23 and a 12 month high of $60.92. The firm’s market cap is $2.90 billion.

COPYRIGHT VIOLATION NOTICE: “Northern Trust Corp Grows Stake in 2U, Inc. (TWOU)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/20/northern-trust-corp-grows-stake-in-2u-inc-twou.html.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised 2U from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Compass Point reissued a “buy” rating and set a $70.00 price objective (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $65.00 price objective (up from $55.00) on shares of 2U in a research note on Friday, October 6th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective (up from $62.00) on shares of 2U in a research note on Friday, October 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $66.00 price objective (up from $59.00) on shares of 2U in a research note on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.91.

In other 2U news, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $46.79, for a total transaction 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 accessible through this hyperlink. Also, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total transaction of $238,050.00. Following 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. Insiders own 8.40% of the company’s stock.

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.

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

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