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

Pictet Asset Management Holding SA boosted its holdings in shares of Informatica Inc. (NYSE:INFA) by 52.7% in the fourth quarter, Holdings Channel reports. The firm owned 7,127,036 shares of the technology company’s stock after purchasing an additional 2,459,197 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Informatica were worth $184,804,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of Informatica during the 4th quarter worth approximately $32,000. Quarry LP bought a new position in shares of Informatica during the third quarter valued at $38,000. National Bank of Canada FI boosted its stake in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica in the 4th quarter worth about $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Informatica during the 4th quarter worth about $54,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Bank of America cut shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.67.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 48.10% of the stock is owned by insiders.

Informatica Stock Down 2.1 %

Shares of NYSE:INFA opened at $18.12 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 604.03, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a 50 day moving average of $21.31 and a 200-day moving average of $24.33. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. On average, sell-side analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

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.