State Board of Administration of Florida Retirement System Raises Stock Holdings in Anaplan, Inc. (NYSE:PLAN)

State Board of Administration of Florida Retirement System boosted its holdings in Anaplan, Inc. (NYSE:PLAN) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,404 shares of the company’s stock after purchasing an additional 1,409 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Anaplan worth $8,017,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Xponance Inc. raised its stake in Anaplan by 1.7% during the first quarter. Xponance Inc. now owns 14,188 shares of the company’s stock valued at $764,000 after buying an additional 238 shares in the last quarter. First Trust Advisors LP raised its stake in Anaplan by 0.4% during the first quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock valued at $4,122,000 after buying an additional 387 shares in the last quarter. Ieq Capital LLC raised its stake in Anaplan by 3.6% during the second quarter. Ieq Capital LLC now owns 11,491 shares of the company’s stock valued at $612,000 after buying an additional 397 shares in the last quarter. Fifth Third Bancorp raised its stake in Anaplan by 100.0% during the second quarter. Fifth Third Bancorp now owns 800 shares of the company’s stock valued at $43,000 after buying an additional 400 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Anaplan by 8.9% during the first quarter. CIBC Asset Management Inc now owns 5,230 shares of the company’s stock valued at $282,000 after buying an additional 427 shares in the last quarter. 91.18% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on PLAN shares. cut 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. JMP Securities increased their price target on Anaplan from $82.00 to $87.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 1st. KeyCorp increased their price target on Anaplan from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, September 2nd. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price target on shares of Anaplan in a research report on Wednesday, September 1st. Finally, Truist increased their price target on Anaplan from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, September 1st. One analyst has rated the stock with a sell rating, four have issued 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 a consensus price target of $79.26.

In other news, CEO Frank Calderoni sold 45,000 shares of the firm’s stock in a transaction on Monday, July 12th. The stock was sold at an average price of $53.16, for a total transaction of $2,392,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ana G. Pinczuk sold 10,261 shares of the firm’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $64.94, for a total value of $666,349.34. Following the sale, the insider now directly owns 41,653 shares of the company’s stock, valued at $2,704,945.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 508,748 shares of company stock valued at $32,847,345. 5.20% of the stock is currently owned by corporate insiders.

Shares of NYSE PLAN opened at $64.70 on Tuesday. The stock has a fifty day moving average price of $59.82 and a two-hundred day moving average price of $56.92. The firm has a market cap of $9.46 billion, a P/E ratio of -51.35 and a beta of 1.99. Anaplan, Inc. has a 1 year low of $46.00 and a 1 year high of $86.17.

Anaplan (NYSE:PLAN) last issued its quarterly earnings results on Monday, August 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. The firm had revenue of $144.32 million during the quarter, compared to analyst estimates of $133.80 million. Anaplan had a negative return on equity of 64.29% and a negative net margin of 35.47%. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. On average, analysts predict that Anaplan, Inc. will post -1.33 EPS for the current year.

Anaplan Profile

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.

Further Reading: What is the quiet period?

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Institutional Ownership by Quarter for Anaplan (NYSE:PLAN)

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