Public Employees Retirement System of Ohio purchased a new position in shares of Anaplan Inc (NYSE:PLAN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,098 shares of the company’s stock, valued at approximately $1,368,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in shares of Anaplan during the 2nd quarter worth about $35,000. Quantamental Technologies LLC purchased a new stake in Anaplan during the 2nd quarter valued at about $43,000. Advisory Services Network LLC purchased a new stake in Anaplan during the 1st quarter valued at about $39,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Anaplan during the 2nd quarter valued at about $58,000. Finally, Evolution Wealth Advisors LLC purchased a new stake in Anaplan during the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 63.95% of the company’s stock.
In other news, Director Sandesh Kaveripatnam sold 495,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $49.52, for a total value of $24,512,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Ying Xian Chung sold 957 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $57.49, for a total transaction of $55,017.93. The disclosure for this sale can be found here. In the last three months, insiders sold 952,603 shares of company stock valued at $48,246,530. Corporate insiders own 37.20% of the company’s stock.
Anaplan (NYSE:PLAN) last posted its quarterly earnings results on Tuesday, August 27th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.01). Anaplan had a negative net margin of 50.87% and a negative return on equity of 46.52%. The firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $78.25 million. Anaplan’s revenue for the quarter was up 46.2% on a year-over-year basis. Sell-side analysts expect that Anaplan Inc will post -1.11 earnings per share for the current year.
Several brokerages recently issued reports on PLAN. Zacks Investment Research cut shares of Anaplan from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their price objective 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. Compass Point began coverage on shares of Anaplan in a research note on Tuesday, August 13th. They set a “neutral” rating and a $58.00 price objective for the company. Goldman Sachs Group upped their price objective 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. Finally, Monness Crespi & Hardt set a $62.00 price objective on shares of Anaplan and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Anaplan presently has an average rating of “Buy” and an average price target of $55.94.
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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