Natixis Advisors LLC Purchases 21,881 Shares of Informatica Inc. (NYSE:INFA)

Natixis Advisors LLC raised its position in Informatica Inc. (NYSE:INFA) by 48.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 66,755 shares of the technology company’s stock after acquiring an additional 21,881 shares during the period. Natixis Advisors LLC’s holdings in Informatica were worth $1,731,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after acquiring an additional 237,876 shares in the last quarter. Victory Capital Management Inc. grew its stake in Informatica by 21.0% in the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock valued at $534,000 after purchasing an additional 3,575 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Informatica during the 3rd quarter worth approximately $2,781,000. Wellington Management Group LLP raised its stake in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on INFA shares. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Finally, UBS Group decreased their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.67.

Informatica Price Performance

Shares of Informatica stock opened at $18.58 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 619.61, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a 50-day simple moving average of $21.78 and a two-hundred day simple moving average of $24.50.

Informatica (NYSE:INFA) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Informatica Profile

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.