TIAA CREF Investment Management LLC grew its stake in shares of 2U, Inc. (NASDAQ:TWOU) by 18.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,071 shares of the software maker’s stock after acquiring an additional 18,385 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.25% of 2U worth $5,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TWOU. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock valued at $123,000 after acquiring an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of 2U during the first quarter valued at about $126,000. Rehmann Capital Advisory Group acquired a new position in shares of 2U during the second quarter valued at about $204,000. Principal Financial Group Inc. acquired a new position in shares of 2U during the first quarter valued at about $208,000. Finally, Prudential Financial Inc. acquired a new position in shares of 2U during the second quarter valued at about $222,000.

COPYRIGHT VIOLATION WARNING: “2U, Inc. (TWOU) Stake Boosted by TIAA CREF Investment Management LLC” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/2u-inc-twou-stake-boosted-by-tiaa-cref-investment-management-llc/1635814.html.

Several research firms have recently issued reports on TWOU. Zacks Investment Research upgraded shares of 2U from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Compass Point restated a “buy” rating and set a $70.00 price objective (up previously from $62.00) on shares of 2U in a report on Monday, October 9th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of 2U in a report on Friday, October 6th. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective (up previously from $62.00) on shares of 2U in a report on Friday, October 6th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $66.00 price target (up previously from $59.00) on shares of 2U in a report on Friday, October 6th. One 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 company currently has a consensus rating of “Buy” and an average target price of $57.91.

2U, Inc. (NASDAQ TWOU) opened at 59.32 on Tuesday. The company has a 50-day moving average of $54.43 and a 200 day moving average of $47.62. The firm’s market cap is $2.84 billion. 2U, Inc. has a one year low of $29.23 and a one year high of $60.79.

In other 2U news, Director John M. Larson sold 150,000 shares of 2U stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $46.79, for a total transaction of $7,018,500.00. Following the transaction, the director now owns 16,065 shares of the company’s stock, valued at $751,681.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Chernis sold 4,500 shares of 2U stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $1,048,742.50. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

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.

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

Receive News & Ratings for 2U Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.