Summit Partners Public Asset Management LLC Invests $2.78 Million in Informatica Inc. (NYSE:INFA)

Summit Partners Public Asset Management LLC acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 110,000 shares of the technology company's stock, valued at approximately $2,781,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Informatica by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company's stock valued at $195,155,000 after buying an additional 267,748 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Informatica by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company's stock valued at $45,149,000 after purchasing an additional 73,655 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Informatica by 23.7% in the 1st quarter. California State Teachers Retirement System now owns 49,019 shares of the technology company's stock worth $1,716,000 after purchasing an additional 9,406 shares during the period. Tidal Investments LLC boosted its holdings in shares of Informatica by 24.1% in the 1st quarter. Tidal Investments LLC now owns 9,157 shares of the technology company's stock worth $320,000 after purchasing an additional 1,778 shares during the period. Finally, CWM LLC increased its position in shares of Informatica by 193.2% during the 2nd quarter. CWM LLC now owns 31,410 shares of the technology company's stock valued at $970,000 after purchasing an additional 20,699 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Up 0.5 %

Shares of NYSE INFA traded up $0.14 during trading hours on Friday, reaching $26.54. The stock had a trading volume of 971,736 shares, compared to its average volume of 1,745,827. Informatica Inc. has a 52-week low of $22.08 and a 52-week high of $39.80. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 126.36, a P/E/G ratio of 5.62 and a beta of 1.04. The business's fifty day moving average price is $25.91 and its two-hundred day moving average price is $26.59. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica announced that its board has authorized a share repurchase plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares of the company's stock, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

INFA has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. UBS Group lifted their price target on shares of Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Informatica from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Finally, Guggenheim reaffirmed a "buy" rating on shares of Informatica in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

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.