Public Employees Retirement System of Ohio Has $16.99 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Public Employees Retirement System of Ohio decreased its position in Palantir Technologies Inc. (NYSE:PLTR) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 738,386 shares of the company’s stock after selling 61,106 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Palantir Technologies were worth $16,990,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. West Paces Advisors Inc. lifted its position in shares of Palantir Technologies by 110.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after buying an additional 691 shares in the last quarter. Bogart Wealth LLC grew its position in Palantir Technologies by 332.8% during the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after acquiring an additional 1,065 shares during the last quarter. Halpern Financial Inc. grew its holdings in shares of Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the last quarter. Finally, First United Bank & Trust bought a new position in shares of Palantir Technologies in the fourth quarter worth about $26,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PLTR. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. Citigroup boosted their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. Finally, DA Davidson boosted their target price on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.75.

Palantir Technologies Trading Up 0.9 %

NYSE:PLTR opened at $27.32 on Tuesday. The company has a 50-day moving average price of $24.97 and a 200-day moving average price of $23.07. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $29.83. The stock has a market cap of $60.84 billion, a price-to-earnings ratio of 225.85, a P/E/G ratio of 6.28 and a beta of 2.71.

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

Insider Buying and Selling

In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Palantir Technologies news, Director Alexander D. Moore sold 20,422 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $22.94, for a total transaction of $468,480.68. Following the completion of the sale, the director now directly owns 1,587,707 shares in the company, valued at approximately $36,421,998.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The disclosure for this sale can be found here. Insiders sold a total of 11,467,179 shares of company stock worth $242,726,313 in the last three months. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.