Artemis Investment Management LLP raised its stake in shares of Anaplan Inc (NYSE:PLAN) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 99,648 shares of the company’s stock after buying an additional 1,654 shares during the period. Artemis Investment Management LLP’s holdings in Anaplan were worth $4,563,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PLAN. New York State Common Retirement Fund acquired a new position in Anaplan during the 1st quarter valued at about $1,228,000. First Trust Advisors LP increased its stake in Anaplan by 0.4% during the 1st quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock valued at $4,122,000 after buying an additional 387 shares during the period. Wells Fargo & Company MN increased its stake in Anaplan by 16.3% during the 1st quarter. Wells Fargo & Company MN now owns 728,209 shares of the company’s stock valued at $28,662,000 after buying an additional 101,832 shares during the period. Advisory Services Network LLC acquired a new position in Anaplan during the 1st quarter valued at about $39,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Anaplan during the 1st quarter valued at about $191,000. 62.66% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on PLAN shares. Monness Crespi & Hardt set a $62.00 target price on shares of Anaplan and gave the company a “buy” rating in a research note on Wednesday, August 21st. Goldman Sachs Group raised their target price on shares of Anaplan from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Deutsche Bank started coverage on shares of Anaplan in a research note on Wednesday, July 24th. They set a “buy” rating and a $70.00 target price on the stock. Zacks Investment Research raised shares of Anaplan from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley raised their target price on shares of Anaplan from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.44.
Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.01). The business had revenue of $84.50 million during the quarter, compared to analyst estimates of $78.25 million. Anaplan had a negative return on equity of 46.52% and a negative net margin of 50.87%. The firm’s quarterly revenue was up 46.2% on a year-over-year basis. As a group, equities research analysts forecast that Anaplan Inc will post -1.12 EPS for the current fiscal year.
In other news, CFO David H. Morton, Jr. sold 115,076 shares of Anaplan stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.30, for a total value of $5,558,170.80. Also, CEO Frank Calderoni sold 49,526 shares of Anaplan stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $57.77, for a total transaction of $2,861,117.02. Following the completion of the transaction, the chief executive officer now directly owns 975,241 shares in the company, valued at approximately $56,339,672.57. The disclosure for this sale can be found here. Insiders sold a total of 937,393 shares of company stock worth $49,055,531 in the last ninety days. Corporate insiders own 37.20% of the company’s stock.
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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