Principal Financial Group Inc. acquired a new position in shares of Anaplan Inc (NYSE:PLAN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 128,935 shares of the company’s stock, valued at approximately $3,421,000. Principal Financial Group Inc. owned approximately 0.10% of Anaplan at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Barclays PLC purchased a new position in shares of Anaplan during the fourth quarter valued at approximately $196,000. Baillie Gifford & Co. purchased a new stake in Anaplan during the fourth quarter valued at approximately $49,673,000. Kiwi Wealth Investments Limited Partnership purchased a new stake in Anaplan during the fourth quarter valued at approximately $1,452,000. Lord Abbett & CO. LLC purchased a new stake in Anaplan during the fourth quarter valued at approximately $16,006,000. Finally, American International Group Inc. purchased a new stake in Anaplan during the fourth quarter valued at approximately $314,000. 35.27% of the stock is currently owned by institutional investors and hedge funds.
PLAN has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Anaplan in a research report on Friday, February 22nd. Barclays lowered shares of Anaplan from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $30.00 to $32.00 in a research report on Friday, February 8th. FBN Securities initiated coverage on shares of Anaplan in a research report on Thursday, April 11th. They issued an “outperform” rating and a $45.00 price target for the company. Zacks Investment Research lowered shares of Anaplan from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, SunTrust Banks upped their price target on shares of Anaplan to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.36.
Shares of NYSE:PLAN opened at $36.31 on Wednesday. Anaplan Inc has a fifty-two week low of $20.37 and a fifty-two week high of $41.76. The firm has a market cap of $4.49 billion and a P/E ratio of -21.11.
Anaplan (NYSE:PLAN) last announced its earnings results on Monday, February 25th. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.02. The firm had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $63.71 million. Anaplan’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, analysts expect that Anaplan Inc will post -1.29 EPS for the current year.
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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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