Informatica Inc. (NYSE:INFA) Position Reduced by PDT Partners LLC

PDT Partners LLC lessened its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 56.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,273 shares of the technology company's stock after selling 52,305 shares during the quarter. PDT Partners LLC's holdings in Informatica were worth $1,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of INFA. California State Teachers Retirement System grew its holdings in Informatica by 23.7% during the 1st quarter. California State Teachers Retirement System now owns 49,019 shares of the technology company's stock valued at $1,716,000 after purchasing an additional 9,406 shares in the last quarter. Tidal Investments LLC increased its position in shares of Informatica by 24.1% during the first quarter. Tidal Investments LLC now owns 9,157 shares of the technology company's stock worth $320,000 after acquiring an additional 1,778 shares during the last quarter. CWM LLC lifted its stake in shares of Informatica by 193.2% in the second quarter. CWM LLC now owns 31,410 shares of the technology company's stock worth $970,000 after acquiring an additional 20,699 shares in the last quarter. Linden Thomas Advisory Services LLC purchased a new position in Informatica in the second quarter valued at about $1,595,000. Finally, Renaissance Capital LLC grew its stake in Informatica by 101.1% during the 2nd quarter. Renaissance Capital LLC now owns 57,377 shares of the technology company's stock valued at $1,772,000 after purchasing an additional 28,851 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

INFA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a report on Friday, October 18th. Finally, UBS Group raised their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.20.

Informatica Stock Performance

INFA traded down $0.07 on Monday, hitting $26.45. 1,980,618 shares of the company's stock were exchanged, compared to its average volume of 1,746,839. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $25.93 and a two-hundred day moving average of $26.52. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The firm has a market cap of $8.08 billion, a PE ratio of 125.95, a P/E/G ratio of 5.64 and a beta of 1.04.

Informatica declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 8,501 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 value of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company's stock, valued at $10,535,037.36. This represents a 2.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 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 $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

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.