Parallel Advisors LLC Buys Shares of 700 Anaplan Inc (NYSE:PLAN)

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Parallel Advisors LLC bought a new stake in shares of Anaplan Inc (NYSE:PLAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 700 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of 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 purchasing an additional 101,832 shares during the last quarter. First Trust Advisors LP raised its position in Anaplan by 400.4% during the second quarter. First Trust Advisors LP now owns 524,133 shares of the company’s stock valued at $26,453,000 after acquiring an additional 419,399 shares in the last quarter. TCW Group Inc. raised its position in Anaplan by 134.5% during the first quarter. TCW Group Inc. now owns 323,654 shares of the company’s stock valued at $12,739,000 after acquiring an additional 185,613 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Anaplan during the second quarter valued at approximately $14,570,000. Finally, Federated Investors Inc. PA raised its position in Anaplan by 113.6% during the first quarter. Federated Investors Inc. PA now owns 234,960 shares of the company’s stock valued at $9,248,000 after acquiring an additional 124,960 shares in the last quarter. Institutional investors and hedge funds own 39.86% of the company’s stock.

In other news, insider Frank Calderoni sold 49,550 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $50.93, for a total value of $2,523,581.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Ying Xian Chung sold 1,763 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $52.41, for a total value of $92,398.83. The disclosure for this sale can be found here. Insiders have sold 1,318,955 shares of company stock worth $65,929,926 in the last three months. 37.20% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on the company. Compass Point assumed coverage on Anaplan in a research report on Tuesday, August 13th. They set a “neutral” rating and a $58.00 price target for the company. Barclays boosted their price target on Anaplan from $43.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley boosted their price target on Anaplan from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Zacks Investment Research cut Anaplan from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC boosted their price target on Anaplan from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.94.

NYSE PLAN traded down $2.97 on Wednesday, reaching $54.74. 78,330 shares of the company were exchanged, compared to its average volume of 1,255,263. The business’s fifty day moving average price is $57.06 and its 200 day moving average price is $44.58. The stock has a market capitalization of $7.37 billion and a P/E ratio of -31.75. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.11. Anaplan Inc has a fifty-two week low of $20.37 and a fifty-two week high of $60.36.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.01). The business had revenue of $84.50 million during the quarter, compared to the consensus estimate of $78.25 million. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. Equities research analysts forecast that Anaplan Inc will post -1.15 earnings per share for the current year.

Anaplan Profile

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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Institutional Ownership by Quarter for Anaplan (NYSE:PLAN)

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