Artemis Investment Management LLP boosted its stake in shares of Anaplan Inc (NYSE:PLAN) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,648 shares of the company’s stock after purchasing an additional 1,654 shares during the period. Artemis Investment Management LLP owned approximately 0.08% of Anaplan worth $4,563,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Coatue Management LLC raised its stake in Anaplan by 33.7% during the second quarter. Coatue Management LLC now owns 12,110,110 shares of the company’s stock worth $611,198,000 after purchasing an additional 3,053,613 shares during the period. Vanguard Group Inc. raised its stake in Anaplan by 349.7% during the second quarter. Vanguard Group Inc. now owns 7,370,796 shares of the company’s stock worth $372,004,000 after purchasing an additional 5,731,817 shares during the period. Nuveen Asset Management LLC purchased a new position in Anaplan during the second quarter worth approximately $118,659,000. BlackRock Inc. raised its stake in Anaplan by 97.8% during the second quarter. BlackRock Inc. now owns 2,289,309 shares of the company’s stock worth $115,542,000 after purchasing an additional 1,132,043 shares during the period. Finally, Invesco Ltd. raised its stake in Anaplan by 2,460.9% during the second quarter. Invesco Ltd. now owns 2,053,941 shares of the company’s stock worth $103,662,000 after purchasing an additional 1,973,737 shares during the period. 62.66% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. Mizuho assumed coverage on shares of Anaplan in a research note on Thursday. They set a “buy” rating and a $60.00 price target on the stock. Monness Crespi & Hardt set a $62.00 price target on shares of Anaplan and gave the stock a “buy” rating in a research note on Wednesday, August 21st. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 price target (up previously from $52.00) on shares of Anaplan in a research note on Wednesday, August 28th. Deutsche Bank assumed coverage on shares of Anaplan in a research note on Wednesday, July 24th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Rosenblatt Securities assumed coverage on shares of Anaplan in a research note on Tuesday, September 24th. They set a “buy” rating and a $71.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.44.
In related news, Director Rob Ward sold 396,324 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $52.04, for a total transaction of $20,624,700.96. Also, CFO David H. Morton, Jr. sold 115,076 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.30, for a total transaction of $5,558,170.80. Insiders sold 937,393 shares of company stock valued at $49,055,531 in the last three months. Company insiders own 37.20% of the company’s stock.
Anaplan stock opened at $49.72 on Friday. Anaplan Inc has a 52-week low of $20.37 and a 52-week high of $60.36. The firm has a fifty day moving average of $50.92 and a 200-day moving average of $47.55. The firm has a market capitalization of $6.28 billion and a P/E ratio of -28.91. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.11.
Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.01). Anaplan had a negative return on equity of 46.52% and a negative net margin of 50.87%. The business had revenue of $84.50 million during the quarter, compared to analyst estimates of $78.25 million. Anaplan’s quarterly revenue was up 46.2% compared to the same quarter last year. On average, research analysts expect that Anaplan Inc will post -1.12 EPS for the current fiscal year.
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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