Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 33.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,950 shares of the company's stock after purchasing an additional 2,242 shares during the period. Johnson Investment Counsel Inc.'s holdings in Palantir Technologies were worth $755,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Continuum Advisory LLC boosted its position in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after buying an additional 98 shares in the last quarter. Heritage Wealth Management Inc. CA raised its stake in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after purchasing an additional 111 shares during the last quarter. True Wealth Design LLC raised its stake in Palantir Technologies by 29.3% in the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Palantir Technologies by 1.6% in the 1st quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company's stock valued at $639,000 after purchasing an additional 119 shares during the last quarter. Finally, Westover Capital Advisors LLC raised its stake in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after purchasing an additional 130 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. DA Davidson increased their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Citigroup boosted their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $89.32.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the completion of the sale, the insider now directly owns 592 shares of the company's stock, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,506,925 shares of company stock valued at $188,456,658. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 1.9%

Shares of PLTR stock traded down $2.66 during mid-day trading on Friday, reaching $137.30. The company's stock had a trading volume of 86,915,690 shares, compared to its average volume of 81,223,390. The company's 50 day simple moving average is $120.65 and its 200-day simple moving average is $97.28. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $144.86. The firm has a market capitalization of $324.02 billion, a PE ratio of 596.96, a price-to-earnings-growth ratio of 11.72 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter last year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.