Frontier Capital Management Co. LLC cut its stake in shares of Anaplan Inc (NYSE:PLAN) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,133 shares of the company’s stock after selling 21,096 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Anaplan were worth $11,498,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in shares of Anaplan by 1.3% during the 1st quarter. Rhumbline Advisers now owns 24,549 shares of the company’s stock valued at $966,000 after purchasing an additional 324 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in shares of Anaplan during the 4th quarter valued at approximately $27,000. Advisor Group Inc. bought a new stake in shares of Anaplan during the 4th quarter valued at approximately $41,000. Flinton Capital Management LLC bought a new stake in shares of Anaplan during the 4th quarter valued at approximately $42,000. Finally, Legal & General Group Plc bought a new stake in shares of Anaplan during the 4th quarter valued at approximately $74,000. 35.03% of the stock is currently owned by institutional investors.
In other Anaplan news, CAO David Ying Xian Chung sold 1,720 shares of the business’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank Calderoni sold 149,188 shares of the business’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.
Anaplan (NYSE:PLAN) last posted its earnings results on Monday, February 25th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.02. The business had revenue of $69.30 million for the quarter, compared to the consensus estimate of $63.71 million. Anaplan’s revenue for the quarter was up 49.7% on a year-over-year basis. On average, equities analysts predict that Anaplan Inc will post -1.29 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on PLAN shares. Monness Crespi & Hardt started coverage on shares of Anaplan in a report on Monday, March 25th. They set a “buy” rating and a $50.00 price target on the stock. SunTrust Banks lifted their price target on shares of Anaplan to $42.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research lowered shares of Anaplan from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $40.00 price target on shares of Anaplan in a report on Tuesday, February 26th. Finally, Barclays lowered shares of Anaplan from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $30.00 to $32.00 in a report on Friday, February 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Anaplan currently has a consensus rating of “Buy” and a consensus price target of $35.08.
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Anaplan Company Profile
Anaplan, Inc provides a cloud-based connected planning platform. Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.
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