Granahan Investment Management Inc. MA Has $33.51 Million Position in 2U Inc (TWOU)

Granahan Investment Management Inc. MA trimmed its stake in 2U Inc (NASDAQ:TWOU) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 597,939 shares of the software maker’s stock after selling 64,174 shares during the period. 2U makes up approximately 2.8% of Granahan Investment Management Inc. MA’s portfolio, making the stock its 3rd biggest holding. Granahan Investment Management Inc. MA owned approximately 1.15% of 2U worth $33,509,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Suntrust Banks Inc. increased its position in shares of 2U by 1.2% in the second quarter. Suntrust Banks Inc. now owns 8,407 shares of the software maker’s stock worth $394,000 after purchasing an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of 2U by 21.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after purchasing an additional 677 shares during the last quarter. Blair William & Co. IL increased its position in shares of 2U by 6.0% in the second quarter. Blair William & Co. IL now owns 16,702 shares of the software maker’s stock worth $784,000 after purchasing an additional 948 shares during the last quarter. Legal & General Group Plc increased its position in shares of 2U by 7.0% in the third quarter. Legal & General Group Plc now owns 17,392 shares of the software maker’s stock worth $970,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after purchasing an additional 1,313 shares during the last quarter.

2U Inc (NASDAQ:TWOU) opened at $60.29 on Monday. 2U Inc has a 52-week low of $29.23 and a 52-week high of $69.27. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The business had revenue of $70.25 million for the quarter, compared to analysts’ expectations of $69.36 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. research analysts forecast that 2U Inc will post -0.6 earnings per share for the current year.

In other news, CEO Christopher J. Paucek sold 145,220 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $63.83, for a total value of $9,269,392.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total transaction of $238,050.00. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. Insiders sold 172,378 shares of company stock worth $10,940,561 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Several research firms recently weighed in on TWOU. Credit Suisse Group restated an “outperform” rating and issued a $70.00 price objective (up from $64.00) on shares of 2U in a research report on Wednesday, November 8th. BMO Capital Markets increased their price target on shares of 2U from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of 2U in a research report on Wednesday, November 8th. Oppenheimer increased their price target on shares of 2U from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reiterated an “overweight” rating and set a $73.00 price target on shares of 2U in a research report on Friday, November 17th. One investment 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.64.

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2U 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.

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

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