Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 15.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,223 shares of the company’s stock after selling 51,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Palantir Technologies were worth $23,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Sienna Gestion bought a new stake in shares of Palantir Technologies in the first quarter worth about $390,000. E Fund Management Co. Ltd. increased its stake in Palantir Technologies by 88.1% during the first quarter. E Fund Management Co. Ltd. now owns 128,185 shares of the company’s stock worth $10,819,000 after acquiring an additional 60,052 shares during the last quarter. Financial Network Wealth Advisors LLC increased its stake in Palantir Technologies by 281.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 484 shares of the company’s stock worth $41,000 after acquiring an additional 357 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Palantir Technologies by 6.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 64,979 shares of the company’s stock valued at $5,484,000 after buying an additional 3,920 shares during the period. Finally, NFP Retirement Inc. boosted its position in shares of Palantir Technologies by 10.4% during the first quarter. NFP Retirement Inc. now owns 4,169 shares of the company’s stock valued at $352,000 after buying an additional 394 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 358,982 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $812,973,088.62. This represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 35,480 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the completion of the transaction, the insider directly owned 367,691 shares in the company, valued at approximately $46,472,465.49. The trade was a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,515,632 shares of company stock worth $196,472,623 over the last 90 days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 1.4%

Shares of PLTR stock opened at $184.37 on Thursday. The business’s fifty day simple moving average is $148.82 and its 200-day simple moving average is $117.81. The company has a market cap of $435.10 billion, a PE ratio of 614.59, a PEG ratio of 10.54 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s revenue was up 48.0% on a year-over-year basis. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on PLTR shares. DA Davidson set a $170.00 target price on Palantir Technologies and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded Palantir Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $136.61.

Check Out Our Latest Analysis on PLTR

Palantir Technologies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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