58,707 Shares in Informatica Inc. (NYSE:INFA) Bought by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. acquired a new stake in Informatica Inc. (NYSE:INFA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,707 shares of the technology company's stock, valued at approximately $1,484,000. Informatica makes up 0.4% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its 28th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Informatica by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company's stock valued at $195,155,000 after purchasing an additional 267,748 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Informatica by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company's stock valued at $45,149,000 after acquiring an additional 73,655 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Informatica in the first quarter worth approximately $490,000. 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 worth $1,716,000 after acquiring an additional 9,406 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Informatica by 24.1% during the 1st 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 in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

NYSE:INFA traded down $0.21 during trading hours on Thursday, reaching $26.39. 880,630 shares of the company's stock were exchanged, compared to its average volume of 1,749,192. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 125.67, a P/E/G ratio of 5.61 and a beta of 1.04. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. The company has a 50-day moving average of $25.87 and a 200 day moving average of $26.61.

Informatica declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on INFA shares. The Goldman Sachs Group lowered their target price on shares of Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. 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. Scotiabank decreased their target price on Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company dropped their price target on shares of Informatica from $40.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $35.00 price objective on shares of Informatica in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Insider Transactions at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares of the company's stock, valued at approximately $10,535,037.36. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

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.