Prudential Financial Inc. Has $14.63 Million Stock Position in Informatica Inc. (NYSE:INFA)

Prudential Financial Inc. decreased its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 65.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 564,048 shares of the technology company's stock after selling 1,062,600 shares during the period. Prudential Financial Inc. owned approximately 0.18% of Informatica worth $14,626,000 at the end of the most recent quarter.

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

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Insider Activity

In related 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 sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 48.10% of the company's stock.

Informatica Trading Up 1.3 %

Shares of Informatica stock traded up $0.23 during mid-day trading on Tuesday, hitting $17.68. 2,389,984 shares of the stock were exchanged, compared to its average volume of 2,070,858. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 589.43, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a 50-day simple moving average of $21.02 and a 200 day simple moving average of $24.21. 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 (NYSE:INFA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Research analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and set a $19.00 target price (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group cut shares of Informatica from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $24.67.

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.