Palantir Technologies Inc. $PLTR Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 140.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477,182 shares of the company’s stock after purchasing an additional 279,037 shares during the quarter. Fifth Third Bancorp’s holdings in Palantir Technologies were worth $69,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock worth $38,295,188,000 after buying an additional 1,557,828 shares during the last quarter. State Street Corp grew its position in shares of Palantir Technologies by 1.1% during the 4th quarter. State Street Corp now owns 102,385,317 shares of the company’s stock valued at $18,198,990,000 after buying an additional 1,126,418 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Palantir Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after buying an additional 805,047 shares during the last quarter. Norges Bank acquired a new stake in Palantir Technologies during the fourth quarter worth about $5,149,641,000. Finally, Invesco Ltd. raised its stake in Palantir Technologies by 2.8% during the fourth quarter. Invesco Ltd. now owns 22,415,082 shares of the company’s stock worth $3,984,281,000 after acquiring an additional 616,297 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Benchmark downgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, June 16th. Phillip Securities increased their price target on Palantir Technologies from $190.00 to $202.00 in a research report on Monday, May 11th. Oppenheimer initiated coverage on Palantir Technologies in a research report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price target on the stock. Wedbush initiated coverage on Palantir Technologies in a report on Tuesday, June 16th. They issued an “outperform” rating on the stock. Finally, Citigroup boosted their price objective on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.85.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $126.79 on Monday. The company has a market cap of $303.96 billion, a PE ratio of 142.46, a P/E/G ratio of 2.03 and a beta of 1.56. The company’s 50-day moving average price is $132.58 and its 200 day moving average price is $146.06. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.13 EPS. Palantir Technologies’s revenue was up 84.7% on a year-over-year basis. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 1.17 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 1,598 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the transaction, the director directly owned 55,022 shares in the company, valued at approximately $8,803,520. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 1,112,270 shares of company stock valued at $150,247,785. Company insiders own 9.53% of the company’s stock.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir’s U.S. business is still expanding rapidly, with one article highlighting 104% U.S. revenue growth as a key bullish number to watch. Palantir’s 104% U.S. Revenue Growth is the Key Number to Watch
• Positive Sentiment: Citi named PLTR one of its top three software stock picks for 2026, reinforcing Wall Street’s belief that Palantir remains a leading AI software name. Why Citi Picks PLTR, MDB, and SNOW as Its Top Three Software Stocks for 2026
• Positive Sentiment: Palantir landed a multiyear expansion with GNP Seguros, its first publicly disclosed commercial customer in Latin America, and finalized a deployment framework with Rackspace for regulated and sovereign environments. Palantir (PLTR) Lands First Latin America Commercial Customer With GNP And Rackspace
• Positive Sentiment: Multiple pieces note that Palantir continues to benefit from strong AI demand, a widening moat, and expectations for another strong earnings report. What to Expect From Palantir’s Q2 2026 Earnings Report
• Neutral Sentiment: Several articles framed PLTR as an expensive but high-quality AI stock, suggesting investors are focused less on the business itself and more on whether the valuation can support further upside. Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
• Negative Sentiment: One research note argued the recent bounce is not a buying opportunity, warning that Palantir’s valuation remains “nosebleed” territory compared with larger tech rivals. Palantir’s Stock Has Bounced 23% Off Its Low— One Research Firm Says That’s the Trap: ‘We Still Won’t Buy It’
• Negative Sentiment: Another article pointed out that PLTR remains far below its peak, with investors questioning whether the strong growth is enough to justify the current price. Can Palantir Stock Reach $200 in 2026?

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.