Anaplan Inc (NYSE:PLAN) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC decreased its holdings in Anaplan Inc (NYSE:PLAN) by 28.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,955 shares of the company’s stock after selling 3,164 shares during the period. MetLife Investment Advisors LLC’s holdings in Anaplan were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers purchased a new position in shares of Anaplan in the fourth quarter valued at $643,000. TD Asset Management Inc. purchased a new position in Anaplan during the fourth quarter worth about $391,000. First Trust Advisors LP purchased a new position in shares of Anaplan in the 4th quarter worth about $2,769,000. BlackRock Inc. purchased a new position in shares of Anaplan in the 4th quarter worth about $30,057,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Anaplan in the 4th quarter worth about $521,000. 35.05% of the stock is currently owned by institutional investors and hedge funds.

In other Anaplan news, insider David Ying Xian Chung sold 957 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $57.49, for a total transaction of $55,017.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sandesh Kaveripatnam sold 495,000 shares of Anaplan stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $49.52, for a total transaction of $24,512,400.00. The disclosure for this sale can be found here. Insiders sold a total of 1,337,900 shares of company stock worth $65,805,583 over the last 90 days. Company insiders own 37.20% of the company’s stock.

A number of research analysts have commented on PLAN shares. SunTrust Banks upped their price target on Anaplan to $52.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays upped their price target on Anaplan from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Monness Crespi & Hardt increased their target price on Anaplan from $50.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Goldman Sachs Group cut Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 price target on the stock. in a report on Monday, July 1st. Finally, Macquarie began coverage on Anaplan in a report on Monday. They set an “outperform” rating and a $65.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.40.

Shares of Anaplan stock traded down $0.08 during trading hours on Thursday, reaching $56.91. The stock had a trading volume of 749,300 shares, compared to its average volume of 1,515,615. The stock has a market cap of $7.39 billion and a price-to-earnings ratio of -33.09. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.11. Anaplan Inc has a twelve month low of $20.37 and a twelve month high of $58.46. The company’s 50 day simple moving average is $50.14.

Anaplan (NYSE:PLAN) last posted its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.18. The firm had revenue of $75.80 million during the quarter, compared to analysts’ expectations of $70.66 million. Anaplan’s revenue for the quarter was up 46.9% on a year-over-year basis. On average, analysts forecast that Anaplan Inc will post -1.15 EPS for the current year.

About Anaplan

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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