Palantir Technologies Inc. $PLTR Position Trimmed by The Manufacturers Life Insurance Company

Posted by Brenda Bartman on Sep 11th, 2026

The Manufacturers Life Insurance Company decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,428,673 shares of the company’s stock after selling 79,171 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Palantir Technologies were worth $166,681,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLTR. BCGM Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.0% in the 2nd quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after purchasing an additional 64 shares during the period. CYBER HORNET ETFs LLC boosted its holdings in shares of Palantir Technologies by 1.2% in the third quarter. CYBER HORNET ETFs LLC now owns 5,297 shares of the company’s stock worth $966,000 after buying an additional 65 shares during the period. JDM Financial Group LLC boosted its holdings in shares of Palantir Technologies by 20.9% in the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock worth $45,000 after buying an additional 67 shares during the period. LifeSteps Financial Inc. increased its position in shares of Palantir Technologies by 4.9% in the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock worth $217,000 after acquiring an additional 69 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. increased its position in shares of Palantir Technologies by 4.0% in the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company’s stock worth $264,000 after acquiring an additional 70 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies News Roundup

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

Positive Sentiment: NVIDIA partnership strengthens Palantir’s AI credentials. Palantir and NVIDIA unveiled a “sovereign AI” supply-chain stack combining NVIDIA’s Nemotron models and cuOpt software with Palantir Foundry, AIP and Ontology. NVIDIA will initially use the system in its own manufacturing and logistics operations, potentially providing a high-profile reference customer and a path to additional industrial deployments. NVIDIA and Palantir Bring Sovereign Intelligence to Critical Supply Chains
Positive Sentiment: Palantir expanded its commercial and international ecosystem. Fujitsu renewed and deepened its partnership, signing for AIP and Foundry in Japan and becoming a global forward-deployed engineering partner. Palantir also announced the Cardinal cybersecurity program with Method Security and showcased enterprise, government and defense customers at AIPCon 11. Palantir and Fujitsu Partnership
Positive Sentiment: Defense momentum remains supportive. Palantir won a $127 million U.S. Army TITAN production contract, reinforcing its position in battlefield intelligence and expanding its government revenue opportunity. Palantir’s New U.S. Army Contract
Neutral Sentiment: New partnerships have not immediately translated into stronger share performance. Reports noted that both Palantir and NVIDIA fell amid the announcement, while macro pressure from higher oil prices, Treasury yields and an unfavorable inflation reading weighed on technology stocks.
Negative Sentiment: Valuation concerns are limiting enthusiasm. Commentary highlighted Palantir’s sharply higher valuation, with one technology ranking placing it well behind Axon and analysts describing much of the potential re-rating as already reflected in the stock. The company’s roughly 142 price-to-earnings ratio leaves shares vulnerable to profit-taking if growth expectations moderate.
Negative Sentiment: Notable investors remain cautious. Michael Burry continues to hold longer-dated Palantir puts despite closing December 2026 positions, and ARK Invest has trimmed its PLTR holdings. These moves reinforce concerns that AI enthusiasm and recent gains may have pushed the stock ahead of fundamentals. Michael Burry Reduces Palantir Exposure

Palantir Technologies Stock Performance

Shares of PLTR opened at $165.86 on Friday. The firm has a market cap of $398.57 billion, a PE ratio of 141.76, a PEG ratio of 2.40 and a beta of 1.62. The firm’s 50 day moving average price is $154.07 and its 200 day moving average price is $144.63. Palantir Technologies Inc. has a twelve month low of $106.37 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Palantir Technologies’s quarterly revenue was up 92.8% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $155.70, for a total transaction of $5,449,500.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $100,081,780.20. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lauren Friedman Stat sold 1,342 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.50, for a total value of $244,915.00. Following the completion of the sale, the director directly owned 52,765 shares of the company’s stock, valued at $9,629,612.50. This represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 720,027 shares of company stock valued at $116,879,340. Company insiders own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLTR shares. Northland Securities set a $200.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 4th. William Blair reiterated an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday, June 16th. They set an “underperform” rating on the stock. UBS Group set a $215.00 target price on Palantir Technologies in a report on Tuesday, August 11th. Finally, BTIG Research cut Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Check Out Our Latest Research Report on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies Inc is a software company that develops data integration, analytics and artificial intelligence platforms for government agencies and commercial organizations. Its software is designed to help customers integrate information from disparate sources, analyze complex data and support operational decision-making.

The company’s principal platforms include Gotham, which is used primarily by defense, intelligence and public-sector organizations; Foundry, which helps commercial and institutional customers manage and analyze operational data; and Apollo, a platform for deploying and managing software across varied computing environments.