Nissay Asset Management Corp Japan ADV Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 90.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 470,929 shares of the company's stock after purchasing an additional 224,200 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Palantir Technologies were worth $37,241,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $1,360,191,000. Geode Capital Management LLC increased its position in shares of Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock valued at $354,117,000 after acquiring an additional 3,907,022 shares in the last quarter. Invesco Ltd. grew its position in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Finally, Capital World Investors bought a new stake in Palantir Technologies in the 4th quarter worth approximately $253,816,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on PLTR shares. DA Davidson lifted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Northland Securities lifted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heather A. Planishek acquired 10,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $116.14 per share, for a total transaction of $1,161,400.00. Following the completion of the transaction, the insider now owns 58,006 shares of the company's stock, valued at approximately $6,736,816.84. This trade represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,964,290 shares of company stock worth $250,504,866 over the last ninety days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 8.1%

Shares of Palantir Technologies stock opened at $128.10 on Wednesday. The stock has a 50 day moving average of $95.75 and a 200 day moving average of $83.36. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $130.60. The firm has a market cap of $300.44 billion, a PE ratio of 674.25, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly 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 return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm's revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Profile

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.

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