New York State Common Retirement Fund Has $6.22 Million Position in 2U Inc (TWOU)

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New York State Common Retirement Fund boosted its position in shares of 2U Inc (NASDAQ:TWOU) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,009 shares of the software maker’s stock after buying an additional 3,271 shares during the quarter. New York State Common Retirement Fund owned approximately 0.22% of 2U worth $6,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TWOU. Riverbridge Partners LLC grew its position in 2U by 92.5% during the fourth quarter. Riverbridge Partners LLC now owns 1,893,175 shares of the software maker’s stock valued at $94,129,000 after buying an additional 909,772 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of 2U by 112.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,451,806 shares of the software maker’s stock valued at $72,184,000 after purchasing an additional 767,352 shares during the period. Franklin Resources Inc. grew its position in shares of 2U by 22.4% in the third quarter. Franklin Resources Inc. now owns 4,183,583 shares of the software maker’s stock valued at $314,571,000 after purchasing an additional 765,227 shares during the period. Wells Fargo & Company MN grew its position in shares of 2U by 91.3% in the third quarter. Wells Fargo & Company MN now owns 1,107,213 shares of the software maker’s stock valued at $83,252,000 after purchasing an additional 528,454 shares during the period. Finally, FMR LLC grew its position in shares of 2U by 7.6% in the third quarter. FMR LLC now owns 5,323,346 shares of the software maker’s stock valued at $400,263,000 after purchasing an additional 374,160 shares during the period.

NASDAQ:TWOU opened at $69.07 on Friday. The company has a current ratio of 7.62, a quick ratio of 7.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.02 billion, a PE ratio of -109.63 and a beta of 0.75. 2U Inc has a twelve month low of $44.50 and a twelve month high of $98.58.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Monday, February 25th. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $115.10 million for the quarter, compared to the consensus estimate of $114.90 million. 2U had a negative net margin of 9.31% and a negative return on equity of 5.77%. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that 2U Inc will post -1.14 earnings per share for the current year.

TWOU has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of 2U in a research report on Tuesday, February 26th. BidaskClub upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Credit Suisse Group lifted their target price on shares of 2U from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. DA Davidson lifted their target price on shares of 2U to $88.00 and gave the company an “in-line” rating in a research report on Tuesday, February 26th. Finally, ValuEngine lowered shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $87.42.

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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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