Intech Investment Management LLC Has $99.27 Million Stake in Palantir Technologies Inc. $PLTR

Key Points

• Intech Investment Management boosted its Palantir stake by 1.8% in the fourth quarter, ending with 558,504 shares worth about $99.27 million. Palantir now ranks as the firm’s 15th-largest holding.
• Wall Street sentiment remains broadly positive: several analysts raised targets or upgraded ratings, and the stock now carries a Moderate Buy consensus with a $192.76 average price target.
• Palantir’s latest earnings were strong, with EPS of $0.33 and revenue up 84.7% year over year, but insiders have also sold shares recently and the stock still faces valuation and competition concerns.

Intech Investment Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 558,504 shares of the company's stock after purchasing an additional 9,677 shares during the period. Palantir Technologies comprises about 0.9% of Intech Investment Management LLC's investment portfolio, making the stock its 15th biggest holding. Intech Investment Management LLC's holdings in Palantir Technologies were worth $99,274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Palantir Technologies by 4.0% in the third quarter. Vanguard Group Inc. now owns 213,886,270 shares of the company's stock worth $39,017,133,000 after buying an additional 8,168,604 shares during the last quarter. State Street Corp lifted its stake in shares of Palantir Technologies by 7.2% in the 3rd quarter. State Street Corp now owns 101,258,899 shares of the company's stock valued at $18,471,648,000 after purchasing an additional 6,777,771 shares during the last quarter. Amundi lifted its stake in shares of Palantir Technologies by 38.7% in the 3rd quarter. Amundi now owns 15,679,158 shares of the company's stock valued at $2,814,879,000 after purchasing an additional 4,373,201 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Palantir Technologies by 228.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,182,560 shares of the company's stock valued at $945,403,000 after purchasing an additional 3,602,471 shares during the last quarter. Finally, Clear Street Group Inc. acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at $408,763,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Daiwa Securities Group raised shares of Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Tuesday, February 10th. Freedom Capital raised shares of Palantir Technologies from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, February 13th. DA Davidson reduced their price objective on shares of Palantir Technologies from $180.00 to $165.00 and set a "neutral" rating for the company in a research note on Tuesday, May 5th. Finally, Argus raised shares of Palantir Technologies from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.76.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 165,514 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company's stock, valued at approximately $87,444,607.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $2,330,093.12. Following the sale, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their ownership of the stock. 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 922,524 shares of company stock valued at $125,501,302 in the last three months. Company insiders own 9.53% of the company's stock.

Trending Headlines about Palantir Technologies

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

• Positive Sentiment: Multiple bullish articles argue Palantir remains one of the best high-growth software names, citing strong revenue growth, a powerful Rule of 40 profile, and continued momentum in AI-driven demand. Article: Here's Why Palantir Technologies Inc. (PLTR) is a Strong Growth Stock
• Positive Sentiment: One article says Palantir could be poised for a stronger rebound, with writers pointing to the stock’s pullback this year as a potential buying opportunity rather than a sign of weakening fundamentals. Article: Why Palantir Stock Is Soaring Today
• Positive Sentiment: Thomas Cavanagh Construction extended its partnership with Palantir through 2035, reinforcing the company’s ability to lock in recurring commercial revenue and expand non-government use of its Foundry platform. Article: Thomas Cavanagh Construction Limited Extends Strategic Partnership with Palantir Technologies Through December 31, 2035
• Neutral Sentiment: Several valuation-focused pieces compare PLTR with other software stocks and ETFs, showing that investors are still debating whether Palantir’s premium valuation is justified. Article: Palantir vs. Oracle in 2026. Which One Is the Better Buy Right Now?
• Negative Sentiment: Some commentary warns that AI expectations may be getting too stretched and that Palantir’s rich valuation leaves less room for error, which could cap further upside if growth slows. Article: Nvidia and Palantir Have a $120 Billion Warning for Wall Street That Investors Simply Can't Ignore
• Negative Sentiment: One Seeking Alpha piece argues OpenAI and Anthropic may be becoming a bigger competitive threat, suggesting Palantir could face tougher AI competition over time. Article: Palantir: OpenAI And Anthropic Just Became The Biggest Problem

Palantir Technologies Trading Up 8.2%

Shares of Palantir Technologies stock opened at $143.34 on Friday. The company's fifty day simple moving average is $141.62 and its 200-day simple moving average is $156.13. The company has a market cap of $343.63 billion, a price-to-earnings ratio of 161.06, a PEG ratio of 2.10 and a beta of 1.52. Palantir Technologies Inc. has a 1 year low of $118.93 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, research analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.