Janus Henderson Group PLC Has $13.90 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Janus Henderson Group PLC grew its position in Palantir Technologies Inc. (NYSE:PLTR) by 170.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 373,534 shares of the company’s stock after buying an additional 235,168 shares during the period. Janus Henderson Group PLC’s holdings in Palantir Technologies were worth $13,897,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Palantir Technologies by 5.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,982,925 shares of the company’s stock valued at $557,365,000 after acquiring an additional 808,444 shares during the period. ARK Investment Management LLC lifted its holdings in shares of Palantir Technologies by 2.2% during the 2nd quarter. ARK Investment Management LLC now owns 13,023,099 shares of the company’s stock valued at $329,875,000 after purchasing an additional 277,623 shares in the last quarter. FMR LLC lifted its holdings in shares of Palantir Technologies by 8.8% during the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company’s stock valued at $464,192,000 after purchasing an additional 1,004,603 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Finally, Legal & General Group Plc increased its stake in Palantir Technologies by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 11,917,200 shares of the company’s stock worth $301,871,000 after purchasing an additional 167,030 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $76.34 on Friday. The stock has a 50-day simple moving average of $52.25 and a 200 day simple moving average of $36.58. The stock has a market capitalization of $173.90 billion, a P/E ratio of 381.72, a PEG ratio of 9.41 and a beta of 2.87. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $76.82.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 6,050 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.19, for a total value of $200,799.50. Following the completion of the sale, the director now directly owns 158,280 shares in the company, valued at $5,253,313.20. The trade was a 3.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $33.74, for a total value of $674,800.00. Following the completion of the transaction, the insider now directly owns 576,023 shares in the company, valued at approximately $19,435,016.02. This represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,423,181 shares of company stock worth $1,972,588,658 over the last ninety days. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Bank of America lifted their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. DA Davidson upped their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Northland Securities lifted their target price on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Wedbush upped their price target on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $35.64.

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.