Geode Capital Management LLC Acquires New Holdings in Anaplan Inc (PLAN)

Geode Capital Management LLC purchased a new stake in shares of Anaplan Inc (NYSE:PLAN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 211,600 shares of the company’s stock, valued at approximately $5,615,000. Geode Capital Management LLC owned about 0.17% of Anaplan as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLAN. Neuburgh Advisers LLC purchased a new stake in shares of Anaplan during the fourth quarter valued at approximately $27,000. Advisor Group Inc. purchased a new stake in shares of Anaplan during the fourth quarter valued at approximately $41,000. Flinton Capital Management LLC purchased a new stake in shares of Anaplan during the fourth quarter valued at approximately $42,000. Citigroup Inc. purchased a new stake in shares of Anaplan during the fourth quarter valued at approximately $126,000. Finally, Brandywine Managers LLC purchased a new stake in shares of Anaplan during the fourth quarter valued at approximately $287,000. Hedge funds and other institutional investors own 35.27% of the company’s stock.

A number of research firms have recently commented on PLAN. Barclays reiterated a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Zacks Investment Research downgraded shares of Anaplan from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Monness Crespi & Hardt assumed coverage on shares of Anaplan in a research report on Monday, March 25th. They set a “buy” rating and a $50.00 price objective on the stock. Canaccord Genuity restated a “buy” rating and set a $40.00 price objective on shares of Anaplan in a research report on Tuesday, February 26th. Finally, KeyCorp restated a “hold” rating on shares of Anaplan in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.36.

In other news, CAO David Ying Xian Chung sold 1,720 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total transaction of $60,974.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PLAN opened at $35.20 on Friday. Anaplan Inc has a 1-year low of $20.37 and a 1-year high of $41.76. The company has a market capitalization of $4.45 billion and a price-to-earnings ratio of -20.47.

Anaplan (NYSE:PLAN) last released its quarterly earnings results on Monday, February 25th. The company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.02. The business had revenue of $69.30 million during the quarter, compared to the consensus estimate of $63.71 million. The company’s revenue was up 49.7% compared to the same quarter last year. On average, sell-side analysts predict that Anaplan Inc will post -1.29 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Anaplan (NYSE:PLAN)

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