Pictet Asset Management Holding SA Buys 2,459,197 Shares of Informatica Inc. (NYSE:INFA)

Pictet Asset Management Holding SA boosted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 52.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,127,036 shares of the technology company's stock after purchasing an additional 2,459,197 shares during the period. Pictet Asset Management Holding SA owned 2.33% of Informatica worth $184,804,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of INFA. PNC Financial Services Group Inc. lifted its position in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after purchasing an additional 667 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Informatica during the 4th quarter worth $32,000. KBC Group NV boosted its position in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock valued at $159,000 after buying an additional 1,437 shares during the period. Finally, Cooper Financial Group raised its position in shares of Informatica by 6.6% during the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock worth $628,000 after acquiring an additional 1,504 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

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Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. 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.

Wall Street Analyst Weigh In

INFA has been the topic of several recent research reports. Wedbush cut Informatica to a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada lowered Informatica from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a report on Friday, February 14th. Finally, Robert W. Baird restated a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Informatica presently has a consensus rating of "Hold" and an average price target of $24.67.

Informatica Stock Up 0.8 %

Informatica stock traded up $0.15 during mid-day trading on Wednesday, reaching $17.80. The company's stock had a trading volume of 652,180 shares, compared to its average volume of 2,371,947. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 12 month low of $16.37 and a 12 month high of $39.80. The business's 50 day simple moving average is $21.02 and its 200 day simple moving average is $24.21. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 593.50, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data 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). 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 the consensus estimate of $457.55 million. As a group, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Informatica Company 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.