Informatica Inc. (NYSE:INFA) is Canada Pension Plan Investment Board's 10th Largest Position

Canada Pension Plan Investment Board cut its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,379,838 shares of the technology company's stock after selling 9,065,609 shares during the period. Informatica makes up 1.6% of Canada Pension Plan Investment Board's portfolio, making the stock its 10th largest holding. Canada Pension Plan Investment Board owned about 21.08% of Informatica worth $1,669,369,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in Informatica by 159.5% in the fourth quarter. Marshall Wace LLP now owns 313,883 shares of the technology company's stock worth $8,139,000 after purchasing an additional 192,906 shares during the period. Walleye Capital LLC bought a new stake in Informatica during the 4th quarter valued at about $3,721,000. Harber Asset Management LLC purchased a new stake in Informatica in the 4th quarter valued at about $11,320,000. Mariner LLC increased its position in shares of Informatica by 44.5% during the fourth quarter. Mariner LLC now owns 19,089 shares of the technology company's stock worth $495,000 after acquiring an additional 5,883 shares during the period. Finally, Barclays PLC raised its stake in shares of Informatica by 5.1% during the fourth quarter. Barclays PLC now owns 71,959 shares of the technology company's stock valued at $1,866,000 after acquiring an additional 3,497 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 48.10% of the company's stock.

Informatica Stock Performance

INFA traded up $0.49 on Tuesday, reaching $17.34. The stock had a trading volume of 289,786 shares, compared to its average volume of 2,860,559. The business's 50-day moving average price is $18.34 and its two-hundred day moving average price is $23.33. 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 Inc. has a 12-month low of $15.65 and a 12-month high of $32.54. The company has a market cap of $5.25 billion, a P/E ratio of 578.09, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

INFA has been the subject of several research reports. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Informatica in a report on Friday, January 17th. They set a "neutral" rating and a $29.00 target price on the stock. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $35.00 to $19.00 in a research note on Friday, February 14th. UBS Group lowered their target price on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. Finally, Guggenheim reissued a "buy" rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.15.

About Informatica

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.