Cupps Capital Management buys $3,823,069 stake in 2U Inc (TWOU)

2U Inc (TWOU) : Cupps Capital Management scooped up 13,061 additional shares in 2U Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 105,116 shares of 2U Inc which is valued at $3,823,069.2U Inc makes up approximately 1.66% of Cupps Capital Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in TWOU by selling 2,066 shares or 63.88% in the most recent quarter. The Hedge Fund company now holds 1,168 shares of TWOU which is valued at $42,480.First Mercantile Trust Co reduced its stake in TWOU by selling 2,077 shares or 6.71% in the most recent quarter. The Hedge Fund company now holds 28,856 shares of TWOU which is valued at $1,032,468. 2U Inc makes up approx 0.14% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TWOU in the latest quarter, The investment management firm added 1,688 additional shares and now holds a total of 3,465 shares of 2U Inc which is valued at $125,710.

2U Inc closed down -0.9 points or -2.47% at $35.47 with 2,04,866 shares getting traded on Tuesday. Post opening the session at $36.26, the shares hit an intraday low of $35.44 and an intraday high of $36.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, 2U Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.12. The company had revenue of $49.10 million for the quarter, compared to analysts expectations of $48.55 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on 2U Inc. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by Barrington Research on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $33 .Needham Initiated 2U Inc on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $40.

2U Inc. is a provider of an integrated solution comprised 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 an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.

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