Nuveen Asset Management LLC Purchases 332,546 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Nuveen Asset Management LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,219,689 shares of the company’s stock after acquiring an additional 332,546 shares during the period. Nuveen Asset Management LLC’s holdings in Palantir Technologies were worth $394,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank bought a new position in Palantir Technologies during the fourth quarter valued at $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC increased its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter valued at $31,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.6%

Shares of Palantir Technologies stock opened at $130.18 on Thursday. The firm’s 50 day moving average price is $96.65 and its 200-day moving average price is $83.69. Palantir Technologies Inc. has a 52-week low of $20.63 and a 52-week high of $133.49. The company has a market cap of $305.32 billion, a P/E ratio of 685.19, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $116.14 per share, with a total value of $1,161,400.00. Following the completion of the purchase, the insider now owns 58,006 shares in the company, valued at approximately $6,736,816.84. This trade represents a 20.83% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 2,964,290 shares of company stock valued at $250,504,866. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. UBS Group upped their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Royal Bank of Canada restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $83.95.

Palantir Technologies Company 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.