2U, Inc. (TWOU) Position Held by AGF Investments Inc.
AGF Investments Inc. held its position in shares of 2U, Inc. (NASDAQ:TWOU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the software maker’s stock at the close of the second quarter. AGF Investments Inc. owned approximately 0.21% of 2U worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in 2U by 3.3% during the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock worth $131,109,000 after buying an additional 104,328 shares during the period. Wellington Management Group LLP lifted its position in 2U by 226.6% during the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after buying an additional 2,112,997 shares during the period. William Blair Investment Management LLC lifted its position in 2U by 2.9% during the second quarter. William Blair Investment Management LLC now owns 2,830,577 shares of the software maker’s stock worth $132,811,000 after buying an additional 79,191 shares during the period. BlackRock Inc. lifted its position in 2U by 66,695.5% during the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after buying an additional 2,317,001 shares during the period. Finally, Alliancebernstein L.P. lifted its position in 2U by 61.2% during the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after buying an additional 721,672 shares during the period.
Several equities analysts recently weighed in on TWOU shares. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Thursday, July 6th. BidaskClub downgraded 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Needham & Company LLC raised their price objective on 2U from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Citigroup Inc. started coverage on 2U in a report on Tuesday, July 18th. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.60.
In other 2U news, Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total value of $198,540.00. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at $874,679. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is owned by insiders.
Shares of 2U, Inc. (TWOU) opened at 53.78 on Friday. 2U, Inc. has a 1-year low of $29.23 and a 1-year high of $55.24. The stock has a 50 day moving average price of $49.68 and a 200-day moving average price of $44.21. The firm’s market cap is $2.58 billion.
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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