Balyasny Asset Management L.P. Purchases New Position in Informatica Inc. (NYSE:INFA)

Balyasny Asset Management L.P. purchased a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 557,802 shares of the technology company's stock, valued at approximately $14,464,000. Balyasny Asset Management L.P. owned about 0.18% of Informatica as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its position in shares of Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after acquiring an additional 2,459,197 shares during the period. Vanguard Group Inc. grew its position in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. Wellington Management Group LLP raised its stake in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new position in Informatica in the 4th quarter worth approximately $36,236,000. Institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

INFA has been the subject of a number of research analyst reports. Scotiabank increased their price objective on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday. Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They issued a "neutral" rating and a $29.00 price target on the stock. DA Davidson cut their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Finally, Bank of America cut Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.62.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 48.10% of the company's stock.

Informatica Trading Down 0.8 %

INFA traded down $0.16 on Friday, reaching $18.98. 1,473,180 shares of the company traded hands, compared to its average volume of 2,126,556. The company has a market cap of $5.74 billion, a P/E ratio of 632.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $22.57. Informatica Inc. has a one year low of $15.65 and a one year high of $31.65. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Informatica's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

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.