Bank of Montreal Can reduced its position in shares of 2U Inc (NASDAQ:TWOU) by 8.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,903 shares of the software maker’s stock after selling 3,291 shares during the quarter. Bank of Montreal Can’s holdings in 2U were worth $1,884,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Tompkins Financial Corp bought a new stake in 2U during the 4th quarter valued at about $26,000. Raymond James & Associates increased its stake in 2U by 4.8% during the 2nd quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after purchasing an additional 695 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in 2U by 4.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 35,429 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 1,426 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in 2U by 23.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 9,916 shares of the software maker’s stock valued at $746,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in 2U by 1.0% during the 3rd quarter. Federated Investors Inc. PA now owns 185,200 shares of the software maker’s stock valued at $13,925,000 after purchasing an additional 1,900 shares in the last quarter.
Shares of NASDAQ TWOU opened at $61.68 on Tuesday. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.47 billion, a PE ratio of -114.22 and a beta of 0.66. 2U Inc has a 52-week low of $44.50 and a 52-week high of $98.58.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of 2U from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. DA Davidson set a $80.00 price target on shares of 2U and gave the company a “buy” rating in a report on Tuesday, November 6th. BMO Capital Markets dropped their price target on shares of 2U from $93.00 to $75.00 and set a “positive” rating on the stock in a report on Tuesday, November 6th. Piper Jaffray Companies dropped their price target on shares of 2U to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, November 6th. Finally, Credit Suisse Group dropped their price target on shares of 2U from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $81.73.
In related news, Director Gregory K. Peters purchased 9,761 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.
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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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