Informatica Inc. (NYSE:INFA) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 48.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,755 shares of the technology company's stock after acquiring an additional 21,881 shares during the quarter. Natixis Advisors LLC's holdings in Informatica were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its position in 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. Diamond Hill Capital Management Inc. acquired a new stake in shares of Informatica during the 4th quarter worth about $36,236,000. JPMorgan Chase & Co. grew its holdings in shares of Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after buying an additional 1,324,006 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after buying an additional 1,168,158 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock valued at $30,677,000 after buying an additional 311,003 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 48.10% of the company's stock.

Informatica Stock Down 2.1 %

Shares of NYSE:INFA traded down $0.39 during midday trading on Friday, hitting $18.12. 1,691,646 shares of the company's stock traded hands, compared to its average volume of 2,061,388. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a market cap of $5.48 billion, a PE ratio of 604.03, a P/E/G ratio of 4.44 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 firm's fifty day moving average price is $21.31 and its two-hundred day moving average price is $24.33.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on INFA. Royal Bank of Canada downgraded Informatica from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $35.00 to $19.00 in a report on Friday, February 14th. Wedbush downgraded shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Informatica presently has an average rating of "Hold" and an average target price of $24.67.

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.