Mitsubishi UFJ Asset Management Co. Ltd. Has $591.28 Million Stake in Palantir Technologies Inc. $PLTR

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.9% during the second quarter, HoldingsChannel.com reports. The firm owned 4,337,437 shares of the company’s stock after buying an additional 316,773 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $591,279,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its position in Palantir Technologies by 0.3% during the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after acquiring an additional 64,973 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $2,543,888,000. Invesco Ltd. lifted its position in shares of Palantir Technologies by 20.3% in the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock worth $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock worth $1,281,205,000 after purchasing an additional 4,221,392 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company’s stock valued at $1,149,055,000 after purchasing an additional 571,544 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 1.6%

PLTR opened at $177.93 on Friday. Palantir Technologies Inc. has a 1-year low of $55.30 and a 1-year high of $207.52. The stock’s fifty day simple moving average is $177.73 and its 200 day simple moving average is $153.68. The stock has a market cap of $422.11 billion, a PE ratio of 423.65, a price-to-earnings-growth ratio of 6.78 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Palantir Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider owned 307,470 shares of the company’s stock, valued at approximately $48,687,874.50. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 375,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.20, for a total value of $56,700,000.00. Following the transaction, the insider owned 702,786 shares in the company, valued at approximately $106,261,243.20. This trade represents a 34.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,527,750 shares of company stock worth $234,463,896 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday. Northland Securities upped their target price on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday. Citigroup increased their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Palantir Technologies in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $173.45.

About Palantir Technologies

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.