Natixis Advisors LLC Has $1.13 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

Natixis Advisors LLC increased its holdings in shares of Informatica Inc. (NYSE:INFA) by 65.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,874 shares of the technology company’s stock after buying an additional 17,718 shares during the quarter. Natixis Advisors LLC’s holdings in Informatica were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new position in Informatica during the 2nd quarter valued at about $32,000. Summit Securities Group LLC acquired a new stake in shares of Informatica during the second quarter worth approximately $46,000. Amalgamated Bank grew its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Informatica in the 3rd quarter valued at approximately $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after buying an additional 810 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 6.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on INFA shares. UBS Group boosted their price target on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Scotiabank lowered their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, Robert W. Baird cut their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Informatica Stock Up 0.9 %

INFA opened at $26.62 on Wednesday. The firm has a market cap of $8.13 billion, a P/E ratio of 125.67, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The business has a 50 day moving average price of $25.82 and a 200 day moving average price of $26.63. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80.

Informatica announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Informatica Company 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.