California State Teachers Retirement System lowered its position in 2U Inc (NASDAQ:TWOU) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 70,127 shares of the software maker’s stock after selling 7,456 shares during the quarter. California State Teachers Retirement System’s holdings in 2U were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Suntrust Banks Inc. grew its holdings 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 acquiring an additional 100 shares during the period. Ameritas Investment Partners Inc. grew its holdings 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 acquiring an additional 677 shares during the period. Legal & General Group Plc grew its holdings 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 acquiring an additional 1,133 shares during the period. Advisor Group Inc. grew its holdings 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 acquiring an additional 1,313 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of 2U by 6.9% in the second 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 during the period.

In other news, CEO Christopher J. Paucek sold 145,220 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $63.83, for a total value of $9,269,392.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Harsha Mokkarala sold 22,658 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.25, for a total value of $1,433,118.50. Following the completion of the transaction, the chief marketing officer now owns 47,869 shares in the company, valued at $3,027,714.25. The disclosure for this sale can be found here. Insiders sold 181,923 shares of company stock worth $11,588,620 over the last 90 days. Company insiders own 8.40% of the company’s stock.

Several equities analysts recently weighed in on TWOU shares. Credit Suisse Group reiterated an “outperform” rating and set a $70.00 target price (up from $64.00) on shares of 2U in a research report on Wednesday, November 8th. BMO Capital Markets lifted their target price on 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 target price on shares of 2U in a research report on Wednesday, November 8th. Oppenheimer lifted their target price on 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 target price 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 assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $69.64.

2U Inc (TWOU) opened at $63.70 on Friday. 2U Inc has a 52-week low of $30.68 and a 52-week high of $69.27. The company has a market capitalization of $3,351.11, a PE ratio of -95.07 and a beta of -0.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48.

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

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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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