Natixis Buys 59,273 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Natixis raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,388 shares of the company’s stock after acquiring an additional 59,273 shares during the period. Natixis’ holdings in Palantir Technologies were worth $19,693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC grew its stake in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now directly owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Up 1.2 %

NASDAQ:PLTR opened at $93.78 on Friday. The firm has a fifty day simple moving average of $91.18 and a 200-day simple moving average of $75.01. Palantir Technologies Inc. has a 12 month low of $20.36 and a 12 month high of $125.41. The company has a market capitalization of $219.95 billion, a P/E ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PLTR shares. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price for the company. Northland Securities raised their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Daiwa America upgraded Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.71.

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.