Russell Investments Group Ltd. Has $1.84 Million Holdings in Anaplan, Inc. (NYSE:PLAN)

Russell Investments Group Ltd. boosted its position in shares of Anaplan, Inc. (NYSE:PLAN) by 47.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,554 shares of the company’s stock after acquiring an additional 11,147 shares during the period. Russell Investments Group Ltd.’s holdings in Anaplan were worth $1,840,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Anaplan by 6.6% in the second quarter. Arizona State Retirement System now owns 34,713 shares of the company’s stock worth $1,850,000 after purchasing an additional 2,163 shares during the period. New York State Common Retirement Fund increased its stake in shares of Anaplan by 1.5% in the second quarter. New York State Common Retirement Fund now owns 913,742 shares of the company’s stock worth $48,702,000 after purchasing an additional 13,288 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of Anaplan by 9.1% in the second quarter. Advisor Group Holdings Inc. now owns 19,677 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,633 shares during the period. Ieq Capital LLC increased its stake in shares of Anaplan by 3.6% in the second quarter. Ieq Capital LLC now owns 11,491 shares of the company’s stock worth $612,000 after purchasing an additional 397 shares during the period. Finally, Slow Capital Inc. increased its stake in shares of Anaplan by 54.3% in the second quarter. Slow Capital Inc. now owns 27,948 shares of the company’s stock worth $1,490,000 after purchasing an additional 9,836 shares during the period. Institutional investors own 91.18% of the company’s stock.

PLAN has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Anaplan from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 1st. Mizuho lifted their target price on Anaplan from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 1st. The Goldman Sachs Group lifted their target price on Anaplan from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 1st. Monness Crespi & Hardt lifted their target price on Anaplan from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, September 1st. Finally, Barclays lifted their target price on Anaplan from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $79.17.

Shares of PLAN opened at $65.33 on Friday. The business’s 50 day simple moving average is $59.35 and its 200-day simple moving average is $56.97. Anaplan, Inc. has a one year low of $46.00 and a one year high of $86.17. The company has a market capitalization of $9.55 billion, a P/E ratio of -51.85 and a beta of 1.99.

Anaplan (NYSE:PLAN) last posted its quarterly earnings data on Monday, August 30th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.05. Anaplan had a negative net margin of 35.47% and a negative return on equity of 64.29%. The firm had revenue of $144.32 million during the quarter, compared to analysts’ expectations of $133.80 million. During the same quarter in the previous year, the company posted ($0.04) EPS. Anaplan’s revenue was up 35.5% on a year-over-year basis. Sell-side analysts anticipate that Anaplan, Inc. will post -1.33 EPS for the current fiscal year.

In other Anaplan news, CAO Gagan Dhingra sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ana G. Pinczuk sold 1,100 shares of the company’s stock in a transaction on Wednesday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $66,000.00. Following the completion of the sale, the insider now owns 38,015 shares of the company’s stock, valued at approximately $2,280,900. The disclosure for this sale can be found here. Insiders sold a total of 508,748 shares of company stock valued at $32,847,345 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

About Anaplan

Anaplan, Inc engages in the provision of cloud-based connected planning platform that connects organizations and people for decision making. 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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