Fisher Asset Management LLC Takes $727,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Fisher Asset Management LLC bought a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 42,352 shares of the company’s stock, valued at approximately $727,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $271,000. Mariner LLC increased its holdings in shares of Palantir Technologies by 28.2% in the third quarter. Mariner LLC now owns 252,715 shares of the company’s stock valued at $4,043,000 after purchasing an additional 55,626 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Palantir Technologies by 15.9% in the third quarter. Stifel Financial Corp now owns 903,299 shares of the company’s stock valued at $14,453,000 after purchasing an additional 124,169 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Palantir Technologies during the third quarter worth $83,000. Finally, Northern Trust Corp increased its stake in Palantir Technologies by 5.5% during the third quarter. Northern Trust Corp now owns 11,498,685 shares of the company’s stock worth $183,979,000 after acquiring an additional 601,012 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. DA Davidson raised their target price on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Citigroup raised their target price on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Royal Bank of Canada raised their target price on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a research note on Monday, May 6th. Finally, HSBC raised their price target on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $21.25.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $24.24, for a total transaction of $72,720.00. Following the sale, the director now owns 35,843 shares in the company, valued at $868,834.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Insiders sold 11,374,153 shares of company stock valued at $239,976,945 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 6.7 %

NYSE:PLTR opened at $23.84 on Monday. The firm has a market cap of $53.09 billion, a PE ratio of 198.68, a price-to-earnings-growth ratio of 5.90 and a beta of 2.70. The stock has a fifty day moving average price of $22.29 and a 200 day moving average price of $21.26. Palantir Technologies Inc. has a 12-month low of $13.56 and a 12-month high of $27.50.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. Equities analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.