First Trust Advisors LP boosted its position in Anaplan Inc (NYSE:PLAN) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 104,734 shares of the company’s stock after purchasing an additional 387 shares during the period. First Trust Advisors LP’s holdings in Anaplan were worth $4,122,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of PLAN. Coatue Management LLC acquired a new stake in Anaplan during the fourth quarter worth approximately $240,575,000. Meritech Capital Associates IV L.L.C. acquired a new stake in Anaplan during the fourth quarter worth approximately $210,369,000. Salesforce Com Inc. acquired a new stake in Anaplan during the fourth quarter worth approximately $79,105,000. Baillie Gifford & Co. acquired a new stake in Anaplan during the fourth quarter worth approximately $49,673,000. Finally, HMI Capital LLC acquired a new stake in Anaplan during the fourth quarter worth approximately $35,261,000. Institutional investors and hedge funds own 35.80% of the company’s stock.
PLAN has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Anaplan in a research report on Friday, February 22nd. Barclays restated a “hold” rating on shares of Anaplan in a research report on Tuesday, February 26th. SunTrust Banks raised their price objective on shares of Anaplan to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Canaccord Genuity restated a “buy” rating and set a $40.00 price objective on shares of Anaplan in a research report on Tuesday, February 26th. Finally, KeyCorp restated a “hold” rating on shares of Anaplan in a research report on Tuesday, February 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Anaplan presently has an average rating of “Buy” and an average target price of $41.42.
Shares of PLAN opened at $48.48 on Friday. Anaplan Inc has a 12 month low of $20.37 and a 12 month high of $50.66. The company has a market cap of $6.08 billion and a PE ratio of -28.19. 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 announced its earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping 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 firm’s revenue was up 46.9% compared to the same quarter last year. As a group, equities analysts predict that Anaplan Inc will post -1.16 EPS for the current year.
In other news, CAO David Ying Xian Chung sold 1,720 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total transaction of $60,974.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frank Calderoni sold 149,188 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.79, for a total transaction of $5,190,250.52. The disclosure for this sale can be found here. Insiders have sold 445,214 shares of company stock worth $18,349,010 over the last ninety days. Insiders own 37.20% of the company’s stock.
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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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