Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $59.17 Million Stock Holdings in Palantir Technologies Inc. $PLTR

Key Points

• Pennsylvania’s public school employees’ retirement system reduced its Palantir stake by 4.7% in the second quarter, selling 24,979 shares and retaining 507,140 shares valued at approximately $59.17 million.
• Other major institutions, including Vanguard, State Street, Geode Capital and Invesco, increased their positions; institutional investors and hedge funds collectively own 45.65% of Palantir.
• Palantir reported strong quarterly results, with revenue up 92.8% year over year to $1.94 billion and EPS of $0.41 versus estimates of $0.34. However, its roughly $418 billion market capitalization and P/E ratio near 149 underscore significant valuation risk despite a “Moderate Buy” analyst consensus.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 507,140 shares of the company's stock after selling 24,979 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Palantir Technologies were worth $59,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PLTR. Vanguard Group Inc. lifted its stake in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company's stock worth $38,295,188,000 after purchasing an additional 1,557,828 shares during the period. State Street Corp grew its stake in shares of Palantir Technologies by 1.1% in the 4th quarter. State Street Corp now owns 102,385,317 shares of the company's stock valued at $18,198,990,000 after purchasing an additional 1,126,418 shares during the period. Geode Capital Management LLC raised its holdings in shares of Palantir Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company's stock worth $9,599,882,000 after buying an additional 805,047 shares in the last quarter. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $5,149,641,000. Finally, Invesco Ltd. lifted its position in shares of Palantir Technologies by 2.8% during the 4th quarter. Invesco Ltd. now owns 22,415,082 shares of the company's stock worth $3,984,281,000 after buying an additional 616,297 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP), boot camps, and forward-deployed engineers are helping convert customers and expand commercial adoption. Analysts point to accelerating revenue growth, improving net dollar retention, and a fiscal-year Rule of 138.6% outlook as evidence that the company remains a leading AI growth story. Palantir: Winning AI Race With AIP and Forward Deployed Engineer Approach
• Positive Sentiment: Commentators continue to highlight Palantir’s strong second-quarter performance, including revenue growth of roughly 93%, an earnings beat, and higher guidance. The results have fueled bullish forecasts and reinforced the view that AIP could materially broaden Palantir’s enterprise customer base. Palantir’s $442 Billion Valuation Faces a Test
• Positive Sentiment: Investor Chamath Palihapitiya identified Palantir as a potential beneficiary of a shift toward model-agnostic AI, since customers may increasingly want software that works across multiple large-language-model providers. Chamath Palihapitiya Sees Palantir As a Potential Winner
• Neutral Sentiment: Palantir is being featured among major beneficiaries of rising demand for AI analytics and infrastructure, alongside Nvidia and Dell. The broader AI trade may support sentiment, although the article does not provide a new company-specific catalyst. Top Big Data Stocks Tapping the Surging Demand for AI Analytics
• Negative Sentiment: Valuation remains the key risk. With Palantir valued at more than $400 billion and trading at a very high earnings multiple, investors need continued exceptional growth for the stock to justify its price. That creates vulnerability to profit-taking even after strong results. Palantir’s $442 Billion Valuation Faces a Test
• Negative Sentiment: ARK Invest sold approximately $7.9 million of Palantir shares while reallocating funds to Cerebras Systems. The sale is modest relative to Palantir’s market value but may add to near-term selling pressure and raise questions about whether some investors are locking in gains. Cathie Wood Sells Palantir Stock After Blowout Earnings

Palantir Technologies Price Performance

PLTR opened at $174.04 on Friday. Palantir Technologies Inc. has a one year low of $106.37 and a one year high of $207.52. The company's 50 day simple moving average is $134.60 and its 200-day simple moving average is $140.15. The stock has a market capitalization of $418.23 billion, a P/E ratio of 148.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies's revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Argus raised Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Wednesday, May 6th. President Capital upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $25.50 to $133.00 in a research note on Monday, June 29th. Needham & Company LLC set a $215.00 price objective on Palantir Technologies in a report on Tuesday. Royal Bank Of Canada restated an "underperform" rating and issued a $90.00 target price on shares of Palantir Technologies in a research note on Friday, July 31st. Finally, Benchmark reaffirmed a "hold" rating on shares of Palantir Technologies in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Moderate Buy" and an average target price of $192.19.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company's stock, valued at approximately $875,044,378.32. This trade represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the sale, the insider owned 592 shares of the company's stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,150,302 shares of company stock valued at $156,197,565 over the last ninety days. Company insiders own 9.53% of the company's stock.

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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