Federated Investors Inc. PA grew its stake in shares of Anaplan Inc (NYSE:PLAN) by 113.6% during the first quarter, Holdings Channel reports. The institutional investor owned 234,960 shares of the company’s stock after acquiring an additional 124,960 shares during the quarter. Federated Investors Inc. PA’s holdings in Anaplan were worth $9,248,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in Anaplan by 1.3% during the first quarter. Rhumbline Advisers now owns 24,549 shares of the company’s stock worth $966,000 after buying an additional 324 shares during the last quarter. First Trust Advisors LP boosted its holdings in Anaplan by 0.4% during the first quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock worth $4,122,000 after buying an additional 387 shares during the last quarter. Advisor Group Inc. boosted its holdings in Anaplan by 37.1% during the first quarter. Advisor Group Inc. now owns 2,089 shares of the company’s stock worth $82,000 after buying an additional 565 shares during the last quarter. Neuburgh Advisers LLC bought a new position in Anaplan during the fourth quarter worth about $27,000. Finally, Flinton Capital Management LLC bought a new position in Anaplan during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.
In related news, CAO David Ying Xian Chung sold 1,720 shares of Anaplan stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $35.45, for a total value of $60,974.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frank Calderoni sold 149,188 shares of Anaplan stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.79, for a total value of $5,190,250.52. The disclosure for this sale can be found here. Insiders have sold a total of 445,214 shares of company stock worth $18,349,010 in the last quarter. 37.20% of the stock is currently owned by company insiders.
PLAN has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Anaplan in a report on Friday, February 22nd. KeyCorp restated a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Zacks Investment Research upgraded Anaplan from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Tuesday, April 30th. Barclays reiterated a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Finally, SunTrust Banks lifted their price objective on Anaplan to $42.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Anaplan presently has an average rating of “Buy” and a consensus price target of $41.42.
NYSE:PLAN opened at $46.75 on Thursday. Anaplan Inc has a fifty-two week low of $20.37 and a fifty-two week high of $50.66. The company has a current ratio of 1.94, a quick ratio of 2.15 and a debt-to-equity ratio of 0.11.
Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million for the quarter, compared to the consensus estimate of $70.66 million. The company’s revenue was up 46.9% on a year-over-year basis. As a group, research analysts expect that Anaplan Inc will post -1.16 earnings per share for the current year.
Anaplan Company Profile
Anaplan, Inc engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.
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