Informatica Inc. (NYSE:INFA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,508,989 shares of the technology company's stock after acquiring an additional 295,801 shares during the period. Geode Capital Management LLC owned about 0.49% of Informatica worth $39,140,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pictet Asset Management Holding SA increased its stake in shares of Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after purchasing an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. grew its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP increased its position in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after buying an additional 1,591,037 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Informatica in the fourth quarter worth $36,236,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after acquiring an additional 1,324,006 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Activity at Informatica

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

Analyst Ratings Changes

A number of research firms recently commented on INFA. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective on the stock. UBS Group decreased their price target on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, February 14th. Robert W. Baird reissued a "neutral" rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Informatica presently has a consensus rating of "Hold" and a consensus target price of $24.15.

Informatica Trading Up 0.8 %

INFA stock traded up $0.14 during midday trading on Friday, reaching $17.53. 3,597,657 shares of the company's stock traded hands, compared to its average volume of 2,120,978. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $33.68. The business has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $23.39. The company has a market capitalization of $5.30 billion, a P/E ratio of 584.53, a PEG ratio of 4.44 and a beta of 1.06.

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