State of New Jersey Common Pension Fund D Acquires 19,506 Shares of Palantir Technologies Inc. (NYSE:PLTR)

State of New Jersey Common Pension Fund D raised its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,058,678 shares of the company’s stock after purchasing an additional 19,506 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Palantir Technologies were worth $18,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Palantir Technologies by 11.1% in the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock worth $2,997,419,000 after buying an additional 18,756,392 shares during the last quarter. Morgan Stanley increased its stake in Palantir Technologies by 26.1% in the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after purchasing an additional 4,675,824 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its position in shares of Palantir Technologies by 314.7% during the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock worth $84,571,000 after purchasing an additional 4,011,100 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Palantir Technologies in the third quarter worth about $55,719,000. Finally, International Assets Investment Management LLC increased its stake in Palantir Technologies by 1,784.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company’s stock worth $49,720,000 after buying an additional 2,742,071 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTR. Raymond James upped their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research note on Thursday, March 28th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. Mizuho upped their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Finally, HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.35.

Palantir Technologies Trading Up 0.6 %

Shares of NYSE:PLTR traded up $0.12 during trading on Thursday, reaching $21.71. The stock had a trading volume of 26,087,662 shares, compared to its average volume of 63,084,059. The firm’s 50-day simple moving average is $23.57 and its 200 day simple moving average is $20.00. Palantir Technologies Inc. has a one year low of $7.28 and a one year high of $27.50. The company has a market capitalization of $48.04 billion, a P/E ratio of 241.25, a PEG ratio of 5.31 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Equities research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the sale, the director now owns 186,783 shares in the company, valued at approximately $4,247,445.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the sale, the director now directly owns 186,783 shares in the company, valued at approximately $4,247,445.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares in the company, valued at approximately $18,819,650. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,456,273 shares of company stock valued at $184,343,202. Insiders own 13.96% of the company’s stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.