California State Teachers Retirement System Raises Position in Palantir Technologies Inc. $PLTR

California State Teachers Retirement System lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11,040.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 383,800,665 shares of the company's stock after purchasing an additional 380,355,408 shares during the quarter. California State Teachers Retirement System owned about 15.97% of Palantir Technologies worth $44,778,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Global Retirement Partners LLC boosted its position in shares of Palantir Technologies by 6.8% in the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company's stock worth $14,092,000 after acquiring an additional 5,070 shares during the last quarter. Income Insurance Ltd acquired a new position in Palantir Technologies during the fourth quarter worth approximately $1,228,000. Schnieders Capital Management LLC. increased its position in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after purchasing an additional 1,694 shares during the last quarter. Pacific Heights Asset Management LLC raised its stake in Palantir Technologies by 4.9% during the fourth quarter. Pacific Heights Asset Management LLC now owns 1,175,000 shares of the company's stock worth $208,856,000 after purchasing an additional 55,000 shares during the period. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in Palantir Technologies during the fourth quarter worth approximately $1,511,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an "outperform" rating for the company. Northland Securities set a $200.00 target price on Palantir Technologies in a research report on Tuesday, August 4th. Oppenheimer cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 4th. William Blair reissued an "outperform" rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group restated an "underperform" rating and set a $80.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Expanded PwC alliance strengthens Palantir’s enterprise AI reach. Palantir and PwC expanded their strategic partnership to help organizations scale AI, transform mergers and acquisitions, and modernize ERP systems. PwC’s consulting network could help Palantir secure more corporate customers and larger deployments. PwC and Palantir Expand Strategic Alliance
• Positive Sentiment: Army contract adds support for the government business. Palantir won a prime agreement to deliver eight TITAN tactical intelligence ground-station systems to the U.S. Army, reportedly valued at about $192 million. The award expands Palantir’s role in defense intelligence and reinforces demand for its software and data platforms. What Does Palantir Winning Army Work Mean for AI Growth?
• Positive Sentiment: Technical momentum remains constructive. Palantir recently moved above its 20-day moving average and flashed a “golden cross” signal, which technical investors may interpret as evidence of continued short-term strength. The company’s latest reported quarter also featured 92.8% year-over-year revenue growth and earnings above analyst expectations.
• Neutral Sentiment: Investor commentary remains broadly bullish but speculative. Articles highlight Palantir as a potential AI software and cybersecurity winner, while management continues to promote secure, customized AI deployments. These views may support sentiment but do not represent new financial guidance.
• Negative Sentiment: Premium valuation leaves little room for disappointment. Palantir’s market capitalization is above $400 billion and its price-to-earnings ratio is around 149, making the stock vulnerable to profit-taking or any slowdown in growth and margins. Analysts note that its rapid expansion is already reflected in the share price. Is Palantir’s AI Growth Worth the Premium Valuation?
• Negative Sentiment: Competitive and insider-selling concerns persist. Google’s expanding government AI offerings could pressure Palantir’s public-sector opportunity. Michael Burry also renewed his bearish criticism of Palantir’s valuation and business model. Separately, a director sold $244,915 of stock under a pre-arranged Rule 10b5-1 plan, a modest negative sentiment signal. What’s Bugging Palantir’s Stock?

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,250 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $174.29, for a total transaction of $217,862.50. Following the sale, the insider directly owned 56,921 shares in the company, valued at approximately $9,920,761.09. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Friedman Stat sold 1,342 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the transaction, the director directly owned 52,765 shares in the company, valued at $9,629,612.50. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 721,508 shares of company stock valued at $117,070,093 in the last 90 days. 9.53% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

PLTR opened at $174.33 on Monday. Palantir Technologies Inc. has a 52-week low of $106.37 and a 52-week high of $207.52. The company has a 50 day moving average of $150.22 and a two-hundred day moving average of $143.63. The company has a market cap of $418.93 billion, a P/E ratio of 149.00, a P/E/G ratio of 2.47 and a beta of 1.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business's revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current year.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

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