State of New Jersey Common Pension Fund D Purchases Shares of 58,800 2U Inc (NASDAQ:TWOU)

State of New Jersey Common Pension Fund D purchased a new stake in shares of 2U Inc (NASDAQ:TWOU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 58,800 shares of the software maker’s stock, valued at approximately $957,000. State of New Jersey Common Pension Fund D owned about 0.09% of 2U as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of 2U by 27.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock valued at $60,000 after buying an additional 347 shares during the period. NEXT Financial Group Inc raised its position in shares of 2U by 39.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,679 shares of the software maker’s stock worth $64,000 after buying an additional 475 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of 2U in the 2nd quarter worth approximately $33,000. Cubist Systematic Strategies LLC purchased a new position in shares of 2U in the second quarter worth approximately $49,000. Finally, First Mercantile Trust Co. increased its position in shares of 2U by 6.1% in the second quarter. First Mercantile Trust Co. now owns 24,011 shares of the software maker’s stock worth $904,000 after acquiring an additional 1,380 shares in the last quarter.

Shares of TWOU traded up $0.25 during trading hours on Tuesday, hitting $22.08. The stock had a trading volume of 5,549 shares, compared to its average volume of 1,287,156. The company’s fifty day moving average is $17.55 and its two-hundred day moving average is $29.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 2.19. 2U Inc has a 52 week low of $11.37 and a 52 week high of $80.49. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -34.65 and a beta of 0.46.

In other news, COO Mark Chernis bought 32,250 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $15.47 per share, with a total value of $498,907.50. Following the acquisition, the chief operating officer now owns 104,508 shares in the company, valued at $1,616,738.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.92% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on TWOU shares. Citigroup started coverage on shares of 2U in a research note on Thursday, August 8th. They issued a “buy” rating and a $20.00 price objective for the company. Macquarie cut shares of 2U from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of 2U from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Needham & Company LLC lowered shares of 2U from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, BidaskClub raised shares of 2U from a “strong sell” rating to a “sell” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.93.

2U Company 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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