Mitsubishi UFJ Trust & Banking Corp Has $137.94 Million Holdings in Palantir Technologies Inc. $PLTR

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% in the second quarter, HoldingsChannel reports. The firm owned 1,011,911 shares of the company’s stock after purchasing an additional 25,607 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Palantir Technologies were worth $137,944,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PLTR. SBI Securities Co. Ltd. lifted its position in shares of Palantir Technologies by 7.0% in the second quarter. SBI Securities Co. Ltd. now owns 611,508 shares of the company’s stock worth $83,360,000 after buying an additional 39,744 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Palantir Technologies by 24.9% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 4,319 shares of the company’s stock valued at $589,000 after acquiring an additional 861 shares in the last quarter. Advyzon Investment Management LLC raised its stake in shares of Palantir Technologies by 132.6% in the 2nd quarter. Advyzon Investment Management LLC now owns 4,633 shares of the company’s stock valued at $632,000 after acquiring an additional 2,641 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in Palantir Technologies by 39.1% in the 2nd quarter. Verus Capital Partners LLC now owns 89,339 shares of the company’s stock worth $12,179,000 after purchasing an additional 25,124 shares during the last quarter. Finally, STF Management LP boosted its position in Palantir Technologies by 2.8% during the second quarter. STF Management LP now owns 33,249 shares of the company’s stock worth $4,533,000 after purchasing an additional 900 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup lifted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Loop Capital boosted their target price on shares of Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Robert W. Baird upped their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $173.45.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $190.96 on Wednesday. Palantir Technologies Inc. has a one year low of $58.53 and a one year high of $207.52. The company has a fifty day moving average price of $179.15 and a 200 day moving average price of $155.63. The stock has a market cap of $453.02 billion, a P/E ratio of 454.68, a PEG ratio of 7.51 and a beta of 2.63.

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

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 375,000 shares of the company’s 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 completion of the transaction, the insider owned 702,786 shares of the company’s stock, valued at $106,261,243.20. This represents a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 222,878 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total value of $33,737,042.86. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. This represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,527,750 shares of company stock valued at $234,463,896. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies 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.