Sumitomo Mitsui Trust Group Inc. Has $1.03 Billion Stake in Palantir Technologies Inc. $PLTR

Posted by George Bondi on Jul 9th, 2026

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,055,353 shares of the company’s stock after selling 401,905 shares during the quarter. Palantir Technologies makes up approximately 0.7% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 24th largest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Palantir Technologies were worth $1,032,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Milestone Asset Management LLC raised its stake in shares of Palantir Technologies by 229.5% during the fourth quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after buying an additional 42,173 shares during the last quarter. VCI Wealth Management LLC lifted its holdings in Palantir Technologies by 42.3% in the fourth quarter. VCI Wealth Management LLC now owns 12,187 shares of the company’s stock valued at $2,166,000 after buying an additional 3,621 shares during the period. Vanguard Group Inc. boosted its stake in Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Palantir Technologies in the fourth quarter valued at approximately $222,143,000. Finally, Jefferson Bridge Capital LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $1,322,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the 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 completion of the sale, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. This represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the firm’s 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 $54,109,093.76. Following the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. This trade represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,112,270 shares of company stock valued at $150,247,785 over the last 90 days. Insiders own 9.53% of the company’s stock.

Palantir Technologies Trading Down 1.6%

Shares of Palantir Technologies stock opened at $132.22 on Thursday. The company has a market capitalization of $316.97 billion, a PE ratio of 148.56, a PEG ratio of 2.15 and a beta of 1.56. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52. The stock’s fifty day simple moving average is $133.05 and its 200 day simple moving average is $146.99.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 1.17 EPS for the current fiscal year.

Trending Headlines about Palantir Technologies

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

Positive Sentiment: DA Davidson upgraded Palantir to Buy and set a higher price target, reinforcing the bullish case that the company’s AI platform and defense exposure can support further upside. This Wall Street Analyst Sees 30% Upside in Palantir. Is It Time to Buy the Stock?
Positive Sentiment: Palantir expanded its commercial footprint in Latin America by signing Mexico’s largest insurer, GNP Seguros, its first publicly announced commercial customer in the region, which supports the growth narrative beyond U.S. government contracts. Palantir Expands Its Presence in Mexico and Strengthens Its AI Offering in the Insurance Sector with GNP Seguros
Positive Sentiment: The company also announced a strategic partnership with SNP to accelerate secure SAP transformations, adding another enterprise-use-case win that could broaden adoption of Palantir’s platform. SNP and Palantir Form Strategic Partnership to Accelerate Secure SAP Transformations
Neutral Sentiment: Several pieces highlighted Palantir’s growing AI and defense relevance, including its sovereign AI work with Nvidia and commentary that the company is becoming more deeply embedded in long-duration government programs. Nvidia and Palantir Are Bringing Sovereign AI to the U.S. Government. Here’s How.
Negative Sentiment: Shares are sliding as investors worry about intensifying political scrutiny of Palantir’s government business, including reports of possible House action tied to its contracts and criticism of the company’s political posture. Palantir’s real weak spot
Negative Sentiment: Broader AI and growth-stock weakness is also weighing on PLTR, as traders sell expensive software names amid concerns about slower AI adoption and stretched valuations. What Is Going on With Palantir Stock on Wednesday?
Negative Sentiment: Recent insider selling, including a large sale by Shyam Sankar, has added to investor caution and reinforced worries that insiders may see the stock as fully valued. Insider trade filing

Analyst Ratings Changes

Several brokerages have commented on PLTR. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 target price on shares of Palantir Technologies in a research report on Friday, June 5th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $205.00 to $151.00 in a research report on Friday, May 1st. Mizuho decreased their price objective on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $138.00 price objective on shares of Palantir Technologies in a report on Friday, May 22nd. Finally, UBS Group raised Palantir Technologies from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned 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.com, the company has an average rating of “Moderate Buy” and an average price target of $190.85.

Read Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

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.